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 and Iran Oil Deal

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Post by MigraineCallon Aug 25, 2023 1:50pm

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Post# 35605708

US and Iran Oil Deal

Breaking now, and yet unconfirmed is that US and Iran have agreed to a return of Iranian oil.

Oil sells off due to algos.

This won't bring a single new drop of oil to the market, as Iran is already supplying all it can produce. It's floating storage is gone.

On this news, I'm going long with a lot of margin. HOU for a trade.

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