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 lifeisgood1010on Feb 21, 2024 11:36am

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Post# 35890998

Short and mid term trend reversal

There is a short term downtrend reversal on the TSX energy sector chart.

As for Suncor a break above $46 would signal a break of it mid term reversal from it's high
of June 2022.

Today's price action tell me that some are positioning themself for good results tonight.

Results are going to be way down, we all know that.

The important thing to watch will be production guidance and cost control

I am still very bullish on mid to long term prospect for SU and the CDN energy sector.

Staying long

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