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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 MigraineCallon Apr 03, 2023 10:30am
148 Views
Post# 35376012

RE:Congrats to SU shareholders

RE:Congrats to SU shareholdersYup. Thanks!

I would have liked to see a more organic supply drop, due to an inability to produce, but we can enjoy the win today. Thanks oil. Thanks to the extremely oversold positions, and very negative short sighted sentiment.

For the most part, the countries selected for this 'voluntary' cut are meeting quotas now, so it seems this will actually be a real cut, not just a paper cut.

As I posted before, the potential for an oil spike was large and building, just needed a spark. Long oil positions have been sold off in March in the unwinding of the long oil / short bond trade, and as a result, longs have not been this low in years. The shorts have now had to scramble to cover. 

Been a long while since the last a million dollar day, and I notice the call options have now nearly doubled, still having a lot of runway left through the year. Onward and upward.

I need a bigger pool...

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