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.

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Suncor Energy Inc > Oil is cheap compared to gold

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Comment by Torontojayon Apr 10, 2024 9:19pm

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Post# 35982508

RE:RE:RE:RE:RE:RE:RE:Oil is cheap compared to gold

Experienced wrote: Oooopppss...lol

The last part...oil would have to go up 40% and this IMO is unlikely as it would result in inflation and a decline in the stock market.

That's happened in 2008 followed by a stock market crash. Also, the mean reversion can take 5-10 years to play out.

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