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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 > We are having are cake and eating it
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Comment by ztransforms173on Apr 12, 2024 10:57am
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Post# 35985644

RE:RE:We are having are cake and eating it

RE:RE:We are having are cake and eating it
 
mrbb - (4/12/2024 10:34:26 AM)
 
RE:We are having are cake and eating it
 
commodities are doing great and yet CAD is in the dump, at 0.7263 currently.
The world has no confidence in canada while true dough is running canada. 
Luckily commodity are selling at world prices in USD so that cushion alot if one has commodity holdings

***

- ALL the SMART companies that SELL their COMMODITIES in US DOLLARS KEEP MOST of the CASH BALANCE in USDs

- in Q4/2023, (@ 12/31/2023); MEG Energy KEPT USD 102 million in CASH in USD DEPOSITS out of their TOTAL
C $ 160 million CASH BALANCE

z173
 
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