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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 newtonboyon Mar 25, 2024 4:03pm
106 Views
Post# 35951471

RE:85$ oil is comming soon thanks to Ukraine drones

RE:85$ oil is comming soon thanks to Ukraine drones

Yes Marty it all makes sense, kinda.
 

Biden, Trudeau and the rest of the NATO good guys are supplying munitions and tank loads of cash to support the impoverished Ukraine, to rid themselves of the menacing Russians. With this support the Ukrainians are deploying drones ( most likely purchased from NATO countries France, Italy, Spain, Sweden, Greece or Germany) to destroy Russian refineries. This no doubt reduces the supply of oil which Russia depends on to continue their war efforts in the Ukraine, causing an increase in the price. I'm just wondering if Sleepy Joe and his care-givers have given this much  serious thought being an election year and all. You can bet that the Whitehouse is on speed dial with Zelenskyy and his handlers to put an end to this practice before the price of Brent heads farther north. Meanwhile the Saudi's are rubbing their hands together and salivating.  All is fair in Love and War...

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