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 > Oil market has been in consistent deficit for almost 2 years

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Post by Clemxb7on Nov 23, 2022 11:45am

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Post# 35122150

Oil market has been in consistent deficit for almost 2 years

That seem bullish especially considering the end of the SPR and the looming Russian sactions.

Biden says they will buy at $70 and OPEC cut @ Brent ~$85 - so also bullish. I think they said Brent $90 is the tripwire.

The only thing that makes me wonder is why prices further out on the contract are not rising anticipating higher prices next spring and summer?

Here's Eric Nuttal's chart: Seems bullish.
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