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.

TSX:SU - Post by User

Suncor Energy Inc > Oil slides on possible Iran Nuke Deal

<< Previous

Bullboard Posts

Next >>

Comment by MigraineCallon Jun 12, 2023 2:40am

122 Views

Post# 35491036

RE:Oil slides on possible Iran Nuke Deal

Again, this is last week's news event.

To be clear, Iran is producing as much oil as it can at the moment, and is shipping it to markets using their dark fleet. Condensate to Venezuela, oil to China, India, and others.

Any drop in price due to this news can be bought, as there is no additional sudden surge of supply of oil that will enter the market from Iran.

To gain some deep insight as to what is going on with US policy on Iranian oil and this supposed deal, listen to the first 20 minutes of this Twitter Spaces discussion with Dr. Anas Alhajji: The best 20 minutes you can spend learning about oil today.

https://twitter.com/anasalhajji/status/1666960568538783750

User image