Stockhouse.com uses cookies on this site. By continuing to use our service, you agree to our use of cookies. Cookies are used to offer you a better browsing experience and to analyze our traffic. We also use them to share usage information with our partners. See full details.
I Agree
×
Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Privacy Policy | Disclaimer

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Privacy Policy | Disclaimer
Please Try Again {{ error }}

Send my password

Return to Login
SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
News Focus
Freegold Intersects 3.62 g/t Au over 42m and 1.23 g/t Au over 170.7m (click to learn more)
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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 and gas production, petroleum refining in Canada and the United States and its Petro-Canada retail and wholesale distribution networks, including Canada’s Electric Highway, a coast-to-coast network of fast-charging electric vehicles (EV) stations. Petro-Canada has a network of over 1,800 retail and wholesale locations across Canada, providing customers with a wide variety of fuel and service offerings including low-carbon fuel options. The Company is developing petroleum resources while advancing the transition to a low-emissions future through investment in power and renewable fuels. It also wholly owns the Fort Hills Project, which is located in Alberta's Athabasca region, approximately 90 kilometers north of Fort McMurray.


TSX:SU - Post by User

Suncor Energy Inc > Disconnect
<< Previous
 Bullboard Posts
Next >>
User Avatar Image
(232)
•••
Comment by matt2018on Aug 06, 2023 10:01pm
177 Views
Post# 35575746

RE:RE:RE:RE:Disconnect

RE:RE:RE:RE:DisconnectAlso respectfully, I was alluding to the significant progress these Oil companies have made when you asked, "why are they trading at a discount".
WTI peaked at over $120 bbl in June 2022, MEG was trading at $23.00 share at that time.
MEG recently hit $25.00 share at $80.00 WTI.
CNQ traded at $83.00 share back in June 2022, now back over $81.00 share at $80.00 WTI.
What would these trade at if Oil went back to $120 bbl or even $90 bbl.
Point I am making is many of these Oil companies are making lots of money and stock prices are trending higher.
SU has lagged but I believe will play catch up soon, the turnaround in price has already started.
IMO was at $64 a week before Q2 release, now over $71.





<< Previous
 Bullboard Posts
Next >>
Dealroom for high-potential pre-IPO opportunities