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Bullboard - Stock Discussion Forum 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... see more

TSX:SU - Post Discussion

Suncor Energy Inc > U.S. Refineries Explosions.... I wonder if it's related
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Post by RagingBull3 on Mar 30, 2021 9:41am

U.S. Refineries Explosions.... I wonder if it's related

to contaminated SPR oil that was drawn....damaging pipelines and refineries???  Wasn't there reports of SPR oil being contaminated???

All just my opinion/view/thinking/guessing could be wrong.
Comment by topdown99 on Mar 30, 2021 4:34pm
The fire only involved the tank farm , not the refinery . My guess is sabotage since there is no reason for oil tanks to explode on their own , especially at night . This should be mildly bullish for crude as the refining is not damaged , seems they only lost inventory and storage..
Comment by firstworld on Mar 31, 2021 6:48am
New management in USA emulating Canada's facist marxist regime may very well ban filthy SU crude sludge in favour of African oil. Our fearless Adolf Stalin will have a tough time finding new customers since few refineries can process it, China just bought $5 TN in clean Iranian crude, and we won't get China back after making so much noise over an 8 times convicted meth dealer and F grave ...more  
Comment by topdown99 on Mar 31, 2021 9:09am
firstworld , you really don't know too much about the oil industry , do you ? Gulf coast refineries are geared to refine "heavy oil" as are most around the world . That's why refineries have a "coker" and "cat crackers' .   Without heavy oil there would be no asphalt , paved roads , roof shingles or certain types of grease and lubricants . There will ...more  
Comment by firstworld on Apr 01, 2021 1:42am
I know that Canada is a price taker with no market access while Iran, Russia and other are booming on Asian demand. I know every Candians O & G co is on welfare. I know that I have made tons of money in Canadian O &G. I know the future is Russian, LatAM, and Asian O & G because the western Adolf Stalins are making a huge tax grab on BS climate change while 5 BN other people living ...more  
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