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Suncor Energy Inc T.SU

Alternate Symbol(s):  SU

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.


TSX:SU - Post by User

Post by Farmer12on Oct 19, 2022 9:42pm
333 Views
Post# 35035237

SPR

SPRWhether or not to release oil from the SPR is a political decision based on risk/reward analysis. Assume the U.S. consumes about 20 million bpd and produces around 12 million bpd. Then the shortfall/day would be around 8 million bpd. With 300 to 400 million barrels in the SPR, there would be 35-50 days of oil cushion if all imports were stopped. But Canada supplies about 3.5 million bpd out of that 8 million bpd shortfall. The idea that all U.S. production and all imports would stop at the same time sounds farfetched. The risk for the U.S. is small. If the U.S. helps put a floor under the market down the road so be it.
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