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Suncor Energy Inc T.SU

Alternate Symbol(s):  SU

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.


TSX:SU - Post by User

Comment by Kman86on Apr 02, 2023 7:43pm
185 Views
Post# 35375139

RE:OPEC+ Surprise Production Cut: 1.657 mm bpd

RE:OPEC+ Surprise Production Cut: 1.657 mm bpd

I think it’s time the US get their head out of the sand and realize they don’t control anything when it comes to the oil market….the more games that get played, the more OPEC will jam it down everyone’s throats. I smell a short slaughtering on the horizon. The oil supply crunch is going to last many yesrs in my opinion and is just getting started.

I'm not a fan of speculative investing as some have suggested in this forum. Investing in companies in an industry that everyone and their brother claims is the future and next bust thing is exactly that.....speculative. Only a select few of the companies will survive. The others will disappear off the face of the earth with your money. There's no doubt clean energy will be the future but at this time, nobody seems to know how the hell any of it will be sustainable and supported on our current infrastructure. Until that gets sorted out, I'll stick to what's tried and true.



 

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