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 > Hope some took profits at 56$

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Comment by PabloLafortuneon Sep 07, 2024 2:18pm

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Post# 36213266

RE:Hope some took profits at 56$

The advantage Suncor has over its peers are its Canadian refining and retail operations.

The gas price in Vancouver is $1.72 per litre today. The gas price in Texas is US$2.21 per gallon excluding 18 cents per gallon tax or 79 cents per litre. So either there's a lot of tax, a lot of profit, or both in Canada.

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