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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 integrity11on Aug 19, 2023 11:50am
207 Views
Post# 35596267

RE:RE:World Oil Prod 101.8 million SU Prod .748 million

RE:RE:World Oil Prod 101.8 million SU Prod .748 million

SU has had a great 5 days since their Q2 release. The shares have appreciated greater than 9% since the release. Like most of the actual shareholders on this board I do think we can expect aaditional upward movement depending of course whether the oil price can stabilize over $80. There will be ups and downs to the oil price with weekly mostly fabricated bad news out of China and manipulation in the weekly EIA numbers, but I believe it will mostly trade over $80 for this year and likely all of 2024. SU share price will fluctuate based on oil price and of course economy news. 

And yes I do believe we see $50 in 2023. Hopefully no one made any decisions based on the Great Experiences comments (the Battery and EV expert - and I do believe he is very knowledgeable in this field).

I wish great success for all true SU shareholder posters.

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