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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 PabloLafortuneon Jul 06, 2023 2:49pm
136 Views
Post# 35529674

RE:RE:Can't win.....

RE:RE:Can't win.....Fiscal policy wise, they've pumped the tires on the real economy like there's no tomorrow. As a result, there remains significant inflation in the economy DESPITE much lower energy prices than a year ago. And while rig counts are down, the effect won't be felt for many months (that's how that works).  But when it does, it could lead to higher inflation and higher interest rates.  Moreover, the wealth effect is more significant than ever before.  Bottom line, while it is our right to hope for the best, it is our duty  to plan for the worst
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