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 mrbbon Dec 22, 2022 2:41am

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Post# 35186390

RE:RE:Well productivity

what i said about "Reserves wise, oilsands and east coast offshore still king."

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mrbb wrote: yes, current (last 2 years) hot play now in north america is the clearwater, not requiring fracking. I've pushed this reservoir exploitation idea of multi legs to management 5 years ago, no go, management too chicken to experiment, not even a pilot well. They wanted each leg lined which wrecks the economic. Big companies are follower, not leader in new idea. Management is risk adverse to keep their high salary position. It took headwater, tamarack, gear energy to lead the way.The fastest mover of the biggy is cnrl once they caught a whif of it. CVE sold off most of their clearwater lands and likely trade off the rest. SU is not in this arena so it's not a lost for SU. I think clearwater is a small blip in the grand scheme of thing, even shorter (opportunity) time span than shale oil. Reserves wise, oilsands and east coast offshore still king.

marketsense wrote: Very interesting comments from CNQ and CPG regarding multi leg, tight spacing
horizontal drilling without expensive fracking which has generated much green
opposition. I refer you to the Baytex site where drifter quoted these comments
from both CNQ and CPG.

These new drilling applications are enhancing significantly well pool production and
making marginally economic or uneconomic pools now highy profitable. Not only higher
production but moderately lower cost to drill is a game changer in Canada.

The interesting takeaway from both companies comments is the lack of positive
response by the analyst community and the market in general. Its almost a case
so what, who cares which I find odd. This type of drilling is not suitable for shales
such as the Permian in Texas but is highly applicable to Canadas heavy oil pools.

While oil is under pressure for now, I think there is opportunity in Cdn oils that is
being disregarded and unrecognized. Now that the sector has sold off, I'm liking
the opportunity to buy a few of these names. The Cleawater play is demonstrating
the tremendous success in using this technique, and even better this technique
can be used on any play to enhance productivity and economics.