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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 Oldnaggeron Jan 14, 2024 11:33pm
191 Views
Post# 35826365

RE:RE:CRYING Over SPILLED MILK: SU Had BEST 1M Acres Of NG/NGLs

RE:RE:CRYING Over SPILLED MILK: SU Had BEST 1M Acres Of NG/NGLs Nobody back then had a realistic understanding of how the dynamics of fraccing would affect the natural gas business . In a nutshell, it was for the most part disasterous right up till Covid. Then a boom occcasioned by a dearth of drilling and subsequent retracement inspired by warm weather and political manipulation (Freeport LNG )
So now we find ourselves at the present conjuncture with a polar vertex raising new hopes for a price recovery.
Personally , I have long been long gas and I hope that Suncor would join me as nat gas juniors have extremely low values. If all the hype about EV s comes even partly true then ng is the way to go.
Now saying all this, I remember how CNRL strong- armed Painted Pony and how Strathcona did likewise to Pipestone. Would Sun do the same ??
Well I hope they would have a little civility and at least offer a fair price !!
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