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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

Post by mrmomoon May 26, 2023 1:08pm
315 Views
Post# 35466027

Interesting development....for sure

Interesting development....for sureAnd not the outcome i was "expecting". But i doubt this is far from over and this has many inning still to play out. I wonder what COP's endgame is in all this? Well, at least this has shown us two things, for me at least. One, i miscalculated (for now!) Conocop's intentions & motivations (maybe their REAL motives are still to be seen!!) and two, i greatly overestimated Suncor's mgmt team intellectual capacity & their managerial/investment acumen. But like i said, i think this saga is FAR from over and will just have to stick around a bit more to see hoow things develope from here. Big THX to Mr. MigraineCall for posting the news update this quickly.


GLTA
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