Suncor Energy Inc T.SU

Biden spurs oil prices skywards!!!

[Wynjoe]

This is some future headline.You cannot shut down pipelines,and stifle investments in oil,when it will take decades to alter the worlds dependence on it.Huge gas price increases at the pumps will start the next revolt in the great u.s.of a,under Bidens reign.Strange how quickly the world can go from a surplus of oil,to a shortage,lol.I believe this covid pandemic will disappear quicker then goverments think,with faster vaccine production, and herd immunity.Oil prices are going through the roof...EXTREMELY STRONG BUY....DIVIDEND INCREASE COMING SOON!!!!

[casino_royal]

if oil prices are going thru the roof it only because of hyper inflation in the midst of a pandemic. What a great world we live in, goverments will fk us all.

[Owlseye1]

Nice work Biden!!! Keep up the good work!

[liljohnnyjoke]

need him to kill US fracking, then get a big bump in oil price

[Owlseye1]

Trump deregulated everything it was a free-for-all in the Oil Business South things will change now with this Biden should be good for Canadian Oil I'm thinking but I guess we'll find out good luck everyone!

[ratsnake220]

Not a chance Biden good for oil....first off the usa subsidy of 4 billion to big oil will be stopped.....Suncor Td Bull and Bear charts say heading to $12.50 - $14.....If your going to take risk you just as well take it on a play in emerging markets like Reco Africa.....where they have a huge jurisdiction and a friendly gov...still early days on that one

[NPCexe]

https://www.reuters.com/article/us-usa-drilling-interior/biden-administration-suspends-federal-oil-and-gas-permitting-idUSKBN29Q2N1?il=0

[Chris007]

No new federal drilling permits is entirely expected, as that was indeed one of his campaign promises that is easily deliverable. That being said, as the article points out, most drilling takes place on private or state land.