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 > OPEC meeting

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Comment by Experiencedon May 25, 2024 4:54am

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Post# 36057062

RE:RE:RE:OPEC meeting

Franman......your comment about the impact of the Saudis tightening the oil supply and reducing the paper market.......

Not happening.....the paper trading market is 10X the physical oil market. The key word here besides the size is the word "paper" (they don't need physical oil). Changing the supply of oil is only one factor in the math for the paper market and all changing the supply does is change the math and cause a repricing but would have negligible impact on the actual paper trading market.

Besides all that, the Saudis themselves plus others in OPEC are major players in the paper trading themselves.

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Advancing flagship Ishkõday Gold Project in Ontario