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Freegold Intersects 2.72 g/t Au over 139.9 metres at Golden Summit (click to learn more)
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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 > OPEC + 2 millions cut
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Comment by matt2018on Nov 30, 2023 12:39pm
137 Views
Post# 35761417

RE:RE:RE:RE:OPEC + 2 millions cut

RE:RE:RE:RE:OPEC + 2 millions cut USA production is not phasing out production anytime soon.  Its actually growing.
Production is 1M bbs/day higher from a year ago.
If MBS wanted to crush them he could have announced he's ending the 1M bbl/day voluntary cut at the end of the year and throwing it back in start of 2024.
Issue is the Russians need the money for the war & the Saudi's want to keep investing in businesses to diversify from Oil revenue dependance, so they dont want to go too crazy here.
Still, MBS has a larger pain tolerance than most, so he will see how it plays out for rest of the year.



Marty47 wrote: Base on what I understand the USA growth will phase out soon , I'm pretty sure they don't want 70$ wti in 2024 , they can keep pumping and give Biden help on re-election and then be crush if he's re-elected 


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