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 angelnickyon Dec 08, 2022 8:21pm

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Post# 35160702

We cannot forget what happens to oil prices during a recess

The 2008 financial crisis and Great Recession induced a bear market in oil and gas, sending the price of a barrel of crude oil from $133.88 to $39.09 in just a less than a year.1
The recession led to a general drop in asset prices around the world as credit contracted and earnings projections fell.
At the same time, rising unemployment and lower spending led to less demand for oil by both consumers and businesses.

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