Suncor Energy Inc T.SU

Alternate Symbol(s): SU

Energy Oil & Gas Integrated

Suncor Energy Inc. is a Canada-based integrated energy company. The Company's segments include Oil Sands, Exploration and Production (E&P), and Refining and Marketing. Its operations include oil sands development, production and upgrading; offshore oil production; petroleum refining in Canada and the United States; and the Company’s Petro-Canada retail and wholesale distribution networks (including Canada’s Electric Highway, a coast-to-coast network of fast-charging electric vehicle (EV) stations). The Company is developing petroleum resources while advancing the transition to a lower-emissions future through investments in lower-emissions intensity power, renewable feedstock fuels and projects targeting emissions intensity. The Company also conducts energy trading activities focused primarily on the marketing and trading of crude oil, natural gas, byproducts, refined products and power. It also wholly owns the Fort Hills Project, which is located in Alberta's Athabasca region.

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Suncor Energy Inc > Closed my SU trading position

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Post by Obscure1on Sep 13, 2022 9:57am

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Post# 34959149

Closed my SU trading position

I bought some SU for trading purposes a few weeks ago which I sold this morning.

Picked up a couple of bucks per share plus a dividend.

Not exactly setting the world on fire, but I wanted to reduce my exposure to the market.

I expect Powell will go full HAWK next week based upon the CPI numbers this morning. The increase MoM surprised everyone as the Dow futures dropped 600 points in minutes and oil dropped $1.50.

He warned us last week that the market couldn't stop him.

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