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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 mrbbon May 16, 2023 4:05pm
117 Views
Post# 35451019

RE:RE:RE:SU share price breaking out to the downside

RE:RE:RE:SU share price breaking out to the downsidejust like how the experts have told past alberta premiers and oil executives to diversify out of oil and gas? How alberta should get out of oil/gas and into renewable energy like wind and solar during the last oil crunch? How idiotic an idea was that? To compete with china that uses slave labor, no environment ethic, owns 90% of rare earth metal reserves, #1 lithum processor.  It would be throwing good money after bad.  Luckily big oil didn't listen to those ideas because by staying on course, it was oil recovery that saved them. It is obvious the smart people at SU, CNQ and IMO are not jumping out of the oil wagon into a new fangle wagon
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