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 and gas production, petroleum refining in Canada and the United States and its Petro-Canada retail and wholesale distribution networks, including Canada’s Electric Highway, a coast-to-coast network of fast-charging electric vehicles (EV) stations. Petro-Canada has a network of over 1,800 retail and wholesale locations across Canada, providing customers with a wide variety of fuel and service offerings including low-carbon fuel options. The Company is developing petroleum resources while advancing the transition to a low-emissions future through investment in power and renewable fuels. It also wholly owns the Fort Hills Project, which is located in Alberta's Athabasca region, approximately 90 kilometers north of Fort McMurray.

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Suncor Energy Inc

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Post by Oldnaggeron Jan 24, 2023 4:55am

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Post# 35241575

EU ban on Russian Products

Both a ban on Russian products to the EU and a price cap on those products elsewhere is slated to come into effect on Feb 5. Moving products for long distances is costlier than Crude and product shipping availability is limited. Expect not only an increase internationally on crack spreads but also increasing tightness in the Crude markets.

The video below gives a detailed look at what has happened so far with Russian crude and products and a prognostification on upcoming events

https://youtube.com/watch?v=jCkmPD4Yl4A&feature=shares

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Gold, growth and sustainability in focus for Mandalay Resources