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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
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Post by integrity11on Nov 02, 2023 1:01pm
177 Views
Post# 35713940

SU share price up - General Market or Trend Up

SU share price up - General Market or Trend Up

Suncor is up nicely today as well as the general oil and gas sector. I am wondering if the market generally sees how undervalued SU is or is it up because of the general market. I believe it likely is a combination of both, but this could be a first step to $50, which imo is closer than many posters here believe. It is of course somewhat dependent on where oil price goes in next couple of weeks. 

Based on good 3rd quarter reports today from CNQ, TOU and CVE I believe the SU report next week will be very good.

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