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 > US Shale oil treadmill is speeding up

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Comment by integrity11on Aug 15, 2023 4:04pm

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Post# 35589727

RE:US Shale oil treadmill is speeding up

Yes life is good I saw that article as well. Great to see declines starting inmost US shale oil and gas basins. NG production expected to decline by 100 Mcf/d in August and oil by 8000 barrels per day in August from
the 7 major shales gas plays. That is not huge but a very positive trend for the oil sands and our NG shale gas plus like the Montney. The Permian basin is expected to peak within the next 12 months .

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