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 > Interesting - OPEC+ production cut?

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Comment by Experiencedon Apr 02, 2023 11:59am

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Post# 35374576

RE:Interesting - OPEC+ production cut?

Good post - thanks

Will be interesting to see what the market reaction will be next week. Typically surprises bring a reaction.

My gut feeling is that the Saudis want to get the price up to their full cost of production (includes social costs) which is somewhere between 80 and 85 a barrel. I am cheering for them since as I have mentioned in previous posts, I bought some oil stocks on a temporary basis in the hopes of the oil price recovering into the 80s. If that happens then I will take my profits.

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