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 > Positive Q3 Comments

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Comment by autofocus111on Nov 03, 2022 12:44pm

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Post# 35070092

RE:RE:RE:Positive Q3 Comments

Migraine "That said, a higher oil price still has the power to move the needle creating a stronger CAD." Agree. High oil typically drives superior GDP growth vs. other countries which in turn pushes up CAD. Canada GDP remains reliant on commodities so eventually that should show up in FX, but it may be a longer wait this time around with a recession and weak govt spending control.

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