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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 Experiencedon Jul 13, 2023 6:45pm
142 Views
Post# 35540340

RE:RE:Libya shutting down second field, Crude jumps

RE:RE:Libya shutting down second field, Crude jumpsauto you have hit on something which over the years has been a pet peeve of mine - especially when I was in the investment business.

Companies are obligated under securities law to report on event which have a "material impact" on their operations.  In addition, the time for reporting such an incident is vague.  In addition to this, "material impact" is not clearly defined.

When put together, this means that companies have great deal of latitude as to what they report.

In the case of SU, I suspect that they have determined that their Lybian assets are not affected by the developments there...or..if they do, it is not a material event.

Given, arguably, that SU has had its share of bad news, I suspect that they have determined that what is going on in Lybia is not a materlal event and so they are mum on the subject.

When things like that happen is up to investors like yourself who actually do a bit homework to share with others.  Good for you!!
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