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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 lifeisgood1010on Aug 18, 2023 2:41pm
174 Views
Post# 35595332

RE:RE:Rig counts

RE:RE:Rig countsYou are absolutely right Matt,

That's why i wrote, there is more factors than just rig counts.

But it is still nice to see them dropping.We all now that shale depletion is very rapid.

At one point in time,rig count reduction could or should equate to less production
coming from our neighbors.

Going foreward,most importantly will be the discipline of OPEC +
Right now, we are in the sweet spot.Not to cold, not to hot(To get the politicians excited)

If we can stay in the $75US to $90US range and have crack at $45+,then i can see
SU going much higher

Right now 3-1-1 spread is $56.80
2-1-1 is $60.01
And WTI$110 in CDN

These are very, very profitable levels for Suncor

Have a nice weekend
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