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.

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Suncor Energy Inc > Can't win.....

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Comment by matt2018on Jul 06, 2023 3:47pm

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Post# 35529773

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

Pablo.... the Cdn May CPI # (Canadian Price Index) came in at 3.4% (a very good number)
Biggest part of that # was higher mortgage costs (up 35% in May), due to higher interest rates, which BOC has created.
If you remove the higher mortgage costs, CPI would have been 2.5%
High interest rates is what is keeping inflation high.
Our right is for the BOC to their job.
They are the ones planning to make it worst.

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