Suncor Energy Inc SU

Primary Symbol: T.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

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Post by mrbbon Oct 03, 2024 8:10pm

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Post# 36252576

$100 oil call option risen

Rise in option value and market outlook

The growing interest in bullish call options has led to a sharp increase in their value. The value of WTI and Brent crude options with a $100 strike price reached the highest level since mid-August. However, analysts caution that this bullish position in the options market contrasts with fundamental market conditions, which suggest a probable oversupply in the months ahead.

Call options surge as $100 oil looms amid Middle East tensions (msn.com)

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