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 > SHEL buying gas stations

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Comment by 1234bmthon Dec 15, 2022 7:44pm

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Post# 35174728

RE:RE:RE:SHEL buying gas stations

Maybe that's the reason that SU is up +4% in after hours market.

Co2Harvest wrote: Hm. Shell buying gas stations to offer low carbon fuels in the future, and Suncor keeping gas stations for strategic reasons.... Got Hydrogen???

Experienced wrote: Very interesting. Frankly, this news surprised me.

Back of the envelope math for this deal would price PetroCanada gas stations at 3.2 billion and they were asking 4 billion so perhaps that would suggest that SU was asking too much for petroCanada and that is why they had no takers.