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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 > Still INTERESTING In Getting 31.23% of Fort Hills From TOTAL
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Post by ztransforms173on Aug 14, 2023 9:56pm
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Post# 35588199

Still INTERESTING In Getting 31.23% of Fort Hills From TOTAL

Still INTERESTING In Getting 31.23% of Fort Hills From TOTAL
Update on acquisition of TotalEnergies’ Canadian operations. Following ConocoPhillips Canada exercising its pre-emptive right to purchase the 50% working interest in the Surmont in situ asset, Suncor is continuing to evaluate the transaction to acquire the remainder of TotalEnergies’ Canadian operations, including the remaining 31.23% working interest in Fort Hills.

- it is fascinating that the IN-SITU Firebag SAGD has the GREATEST SU bitumen RESERVES and they are ONLY OPERATING at a 215,000 bbls/d BOP and part of it's output FEEDS into the SU Base plant UPGRADER

- Cenovus Enegry Chistina Lake SAGD has a BOP EXCEEDING 250,000 bbls/d

- I WONDER WHY there is NO TALK OF EXPANSION given such a LARGE RESOURCE BASE and SAGD being such a LONG-LIFE/LOW-DECLINE competitive asset and CONNECTED by pipeline to the Suncor Energy Base Plant

z173
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