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 > OPEC+ Surprise Production Cut: 1.657 mm bpd

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Comment by wreckhouseon Apr 02, 2023 4:29pm

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Post# 35374930

RE:OPEC+ Surprise Production Cut: 1.657 mm bpd

Another possible reason for a cut is that their production capacity has fallen & they couldn't make their quota even if they tried. It's better to look aggressive rather than impotent. Good one .
We had a few down days this year of 4.50 a barrel so looking good for the coming season .
No Keystone ,SPR is empty, interest is high, banks are failing and the commercial real estate is on shaky ground for the tune of US 2.5 TRILLION DOLLARS .

Sleepy Joe got big shoes to fill this week . BCRNW

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