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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

Post by Experiencedon Jan 09, 2025 11:03am
147 Views
Post# 36396102

Fighting Trump

Fighting TrumpSeems to me that Canada needs to take a chapter out Pierre Trudeau's book when dealing with US threats to limit exports from Canada to the US.  One of things he proposed at the time and one which caused the US to back off was to threaten to impose an export tax on oil exports to the US.

Since the Gulf Coast refineries are heavily dependent on Canadian oil for feedstock, this caused a sober second thought on limiting Canadian exports and imposing tarrifs on Canadian resource exports to the US.  In addition Trudeau threatened to turn off the taps for Canadian exports of water to the US and this caused the farmers in the Midwest to push for a change in US policy (don't forget that not a drop of the water from the Colorado River actually gets to the ocean)

In today's world such a policy decision on oil exports from Canada would cause fuel shortages in the US and a massive spike in inflation.  Something that would sink Trump's popularity real quick.

IMO Premier Ford has taken this lesson to heart with his threats to limit Ontario electricity exports to the US.


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