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 > Marker Selloff Continues

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Post by Experiencedon Aug 05, 2024 9:29am

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Post# 36164395

Marker Selloff Continues

As we speak Dow futures are off over 3% and Nasdaq is off over 5.5. There is lots of fear right now as indicated by the the VIX which is actually higher than it was in March 2020 when people got worried about Covid.

As I have posted in the past, I am holding cash and prefs and am waiting to pounce. The key will be if there is a market reversal today or not in terms of whether this sell off continues in terms of market timing.

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