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 > recession vs. low oil supply vs. price manipulation

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Comment by Experiencedon May 02, 2023 6:55pm

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Post# 35426333

RE:recession vs. low oil supply vs. price manipulation

Agreed...but that is nothing new. A major influence on the price of oil is paper not physical oil and so it is probably more prone to manipulation than most other markets.

That said, I saw another price inefficiency today and so I reloaded with SU in the mid 39s and will sell when I see the SP recover. My view continues to be short run on oils.

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