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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 Experiencedon Dec 04, 2023 9:06am
124 Views
Post# 35766699

RE:RE:Venezuela says Guyana oil is rightfully theirs

RE:RE:Venezuela says Guyana oil is rightfully theirsInteresting situation...

The current blocks approved for development are heavily weighted in favour of the oil companies compared to say Brazil. Guyana has a population of less than a million people.  It's military is comprised of 4150 people and it's navy is the Coast Guard.

There is a military cooperation agreement between the US and Guyana which recently been re-activated.

That said, given the Biden Administration stance on oil, there is a question as to whether the US would actually get involved to protect Guyana if Maduro actually tried something.

In any event, this is something that long term holders of oil companies should keep an eye on since the estimated oil reserves there are the fourth largest in the world.
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