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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 newtonboyon Aug 14, 2024 7:01pm
131 Views
Post# 36179516

RE:US plans to slowly replenish SPR into 2025:

RE:US plans to slowly replenish SPR into 2025:

"The U.S. aims to buy 2 million barrels a month of domestically produced sour crude, or oil with relatively high sulfur content, from January to March 2025. It is to be stored at the SPR's Bryan Mound site in Texas, one of the facility's four sites and one that recently completed maintenance work.". 

Judging from the Jan/2025 start date it appears that the Biden Administration is leaving the replenishment program to the newly elected Government, which if the present polls are correct, will be Mr. Trump. In the event the Dems do repeat, it remains to be seen whether they will restock as claimed. Realistically there is no need to when the world's largest deposits of sour crude remain locked in storage (Alberta tarsands) a mere pipeline away. 

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