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 and gas production, petroleum refining in Canada and the United States and its Petro-Canada retail and wholesale distribution networks, including Canada’s Electric Highway, a coast-to-coast network of fast-charging electric vehicles (EV) stations. Petro-Canada has a network of over 1,800 retail and wholesale locations across Canada, providing customers with a wide variety of fuel and service offerings including low-carbon fuel options. The Company is developing petroleum resources while advancing the transition to a low-emissions future through investment in power and renewable fuels. It also wholly owns the Fort Hills Project, which is located in Alberta's Athabasca region, approximately 90 kilometers north of Fort McMurray.

TSX:SU - Post by User

Suncor Energy Inc > OPEC Chief:Too much doom&gloom,bullish on oil demand.

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Comment by Experiencedon Nov 04, 2024 8:57am

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Post# 36294916

RE:OPEC Chief:Too much doom&gloom,bullish on oil demand.

He may be right but demand is only one side of the equation...with the production cuts, OPEC has lots of excess supply to meet a higher demand which would limit oil price increases.

All that aside, the question for investors is always to find a solution to the question - "Based on my investment objectives where is will I get the best risk adjusted return on my money". Frankly, based on this forecast by OPEC, my money would be going somewhere else.

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