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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 > Non-Opec Supply Muddles Bull Case for Oil
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Comment by Torontojayon Jun 23, 2023 3:20pm
117 Views
Post# 35511906

RE:RE:RE:RE:RE:RE:Non-Opec Supply Muddles Bull Case for Oil

RE:RE:RE:RE:RE:RE:Non-Opec Supply Muddles Bull Case for Oil

Matt, did you see what happened to Canada after Tiff Macklem paused? 

Real estate prices went through the roof. Gdp in Q1 came in at 3.1%. In other words, inflation had become entrenched. This is what happens when you pause and the data suggests you're not even close to neutral let alone restrictive. 

I believe Jerome Powell recognizes this but that Tiff has taken a more cautious approach due to higher debt levels in Canada. It does not help the inflation fight when the major banks are allowing homeowners to negative amortize on their mortgage. They are just delaying the inevitable as they will have to renew terms at some point and there's no escaping that. 

 

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