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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 ztransforms173on Nov 06, 2023 3:28pm
113 Views
Post# 35720018

RE:Recycling Bitumen

RE:Recycling BitumenIn his more than 30 years of global experience, he spent 19 years with British Petroleum, which included roles from his start as a graduate control engineer to a senior vice-president in Calgary with accountability for trading, asset and customer development and management. Mills then spent five years as vice-president of commodity marketing and supply at Husky Energy, and two years as managing director with Goldman Sachs, followed by vice-president of downstream with MEG. Most recently, Mills was chief commercial officer at Friesen Group of Companies.

***


- the $ 3 billion 'PARTIAL UPGRADING' project at MEG Energy NEVER GOT OFF THE GROUND due to collapse in world oil prices in 2014

* the TECHNOLOGY was VERY GOOD {NO DILUENT REQUIRED to PIPE the PROCESSED product} but it was EXPENSIVE and MEG did NOT have the CAPITAL to BUILT the UPGRADER

* the LARGE INDUSTRIAL LAND property in Edmonton was LATER SOLD for $ 40+ million a few years back

- GREAT IDEA and it APPEARS to be ECONOMICALLY DOABLE

z173

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