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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 Offgridtraderon May 18, 2024 7:06pm
156 Views
Post# 36047588

RE:RE:RE:RE:RE:PRICE OF OIL

RE:RE:RE:RE:RE:PRICE OF OILOh I completely agree, it's a pipe dream! (pun intended) 
 
Regardless it's insane that the permit was revoked under a presidential order on day one in the oval office. Even if it's nothing more than political posturing I expect some tit-for-tat news headlines to move the needle in one way or another in the first few days should the republicans get elected. Reinstating his energy policy and including a bid at re-starting the pipeline would just be a direct poke in the eye... even if it amounts to nothing.
 
I was more illustrating a point that Trump / Republican policies don't equal doom for our domestic oil industry. 
 
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