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 > Total was a stick

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Comment by mrmomoon Apr 28, 2023 10:04am

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Post# 35418987

RE:RE:Total was a stick

Actually that's 135k bbls/day of bitumen/synthetic/mix for $4,7B US or $35K per boe. In Canadian terms, which would be more relevant & appropriate here, that's $45K cdn. Which imho is excessive & sold at at a premium for that type of "problematic" crude, when taking into account that Crescent Point just some bought light/medium crude assets for about $50K. And remember, WTI is STILL above $52 buckaroos SO you have to include ALL costs in that deal. And i don't see crude dumping below that level for some time.

GLTA

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