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 > Well productivity

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Comment by MigraineCallon Dec 20, 2022 12:45pm

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Post# 35182478

RE:RE:RE:RE:RE:RE:RE:Well productivity

Experienced, I had some good info on Clearwater, but can only find these links in my archives at the moment:

https://investingwhisperer.com/the-first-new-north-american-oil-play-in-a-decade-the-clearwater/

https://twitter.com/garquake/status/1524200103757717505

Experienced wrote:
mrbb wrote:
headwater was early mover, so they got in the core area, lands they bought from CVE last year. Most of the good lands are privately held, so no public producton data.

The multi lateral is not a new technology, it was more gut to do thing differently using existing technology. HWX good geology also help to extend profitability with waterflooding.

Experienced wrote:
mrbb wrote:
it's no slam dunk. Look at RBY, a pure clearwater play stock run by veteran Riddell Rose, a 5$ stock is now $1.7's stock because their clearwater ain't panning out. IE, we are seeing some failure in this early part of the clearwater game.

just like shale oil, initial phase can have great wells but mother nature doesn't yield geology consistently like pudding all around. It's a canadian technique because US doesn't have much heavy oil to deal with

marketsense wrote: From my understanding and I am no expert in this field, those Clearwater lands
are sitting on existing well pool reserves which are quite substantial but with
conventional drilling and well field engineering, were marginal or sub economic.
Now with mult leg drilling they are highly profitable. Most will recover total costs
within a few months so payout ratios are fantastic.

As for depletion rates, I have no information yet as compared to conventional well
pools. Maybe someone has that kind of data and could compare it. Bottom line
is when you see some majors like CNQ and CPG embracing this new appraoch,
I would think in the next big uspwing in oil, these names should do very well. I
also follow BTE, TVR, and HWX for the same reason although with the exception
of Baytex, the other two are junior players.

That all aside, I fully realize this does not affect SU as they are strctly in a different
business. What is interesting to me about all of this is how ho hum the reaction is
to a Cdn innovation that is exciting and highly profitable. If this was in the Eagle
Ford, the Americans would be all over it and Biden would be euphoric over an American success in the oil patch. How things have changed from a year ago.

So you think Headwater will suffer the same fate?

Thanks for that mrbb. Sent you a PM with further questions.