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

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Post by MigraineCallon Nov 17, 2022 3:52pm

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Post# 35108243

Why oil dropped

Some good points here. Long term fundamentals are still in place and still bullish. Today I have been adding some names on sale.

To the following articIe, I would add some additional reasons oil went down: OPEX tomorrow, and next week is the US Thanksgiving short trading week. Liquidity as well. Remember last year this time we dropped about $10 on WTI in a day.

https://www.qcintel.com/article/oil-futures-crude-tumbles-as-geopolitical-tensions-ease-brent-around-90-b-9892.html

Compared to others, SU finished quite strong, and unscathed. Remember, SU is like that big boring oil tanker offering stability in your oil portfolio. Slow to rise and slow to fall.

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