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.

TSX:SU - Post by User

Suncor Energy Inc > Canada’s true inflation rate

<< Previous

Bullboard Posts

Next >>

Comment by Experiencedon Sep 15, 2023 8:02pm

123 Views

Post# 35639307

RE:RE:RE:Canada’s true inflation rate

Matt..good question

One thing that you need to keep in mind is the activity of people trading in oil futures market. This market is actually much larger than the physical market. Their activity can have a big effect on the EIA numbers.

Right now, the oil futures market is in backwardation and so those in the oil futures market are reducing their oil inventories and selling off their stored oil since the math doesn't work for them. This results in a lowering of oil inventories.

My advice?

Keep an eye on this...

<< Previous

Bullboard Posts

Next >>

Advancing flagship Ishkõday Gold Project in Ontario