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 > Goldman calling for $107 oil by the end of the year

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Comment by meritmaton Sep 07, 2023 5:21pm

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Post# 35625066

RE:RE:Goldman calling for $107 oil by the end of the year

Experienced wrote: Obscure - agree with you about Goldman. They have a long history of betting against their clients who follow their advice.

One thing for sure is that if they are somehow right in their forecast, the $107 a barrel it would be short-lived since such an oil price would lead to another inflationary spiral and more rate hikes by Central Banks around the world and guarantee a recession.

Demand destruction will also happen

if your a EV guy you want 100 bbl oil. Then EV look cheap to run. 50 dollar oil and nobody's buying EV

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