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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 > THX to all those that made......
View:
Post by mrmomo on Aug 07, 2023 9:41am

THX to all those that made......

Their valuable contribtions to the "Just asking some SU s/h" thread. Some very interesting & enlightening points were made by many of you. Others not so much 8)....

But i think the majority of us......meaning those well educated, well informed smart & perceptive ones, ALL agree this will be a Chess match waiting game to see WHO blinks first. And i think we can agree, after all the points that were raised, that Suncor has the slim advantage over Total & the ball in is Total's court now. Th question now is, "How much longer can both Total & Suncor AFFORD to hang on & wait for other to give in"? Both for VERY deifferent reasons alltogether. For Total it's mainly a monetary question as well as one of princicpales & image. For Suncor, it's one regarding cementing & securing its positioin in the future and making sure operations run smoothly as possible with no hiccups. I'll leave it up to you to deicde who you think is the first to so weakness & blink.

Personally, after many decades of XP in this sector and knowing both these companies VERY well, including the way they act, behave & think, i think its not too easy to predict and bascially up in the air. To some who may think the French have drawn the short stick and their number is up soon, those that think this, DO NOT KNOW the French very well, and how stubborn & difficult they can be when...... or to what lengths their willing to go when they have something so deeply infused, ingrained into their psyche.

The final outcome ......when it comes ......should be intresting........nonetheless.

GLTA



Comment by mrbb on Aug 07, 2023 1:21pm
i think you gave too much credence to the french/Total entities. SU also win if total doesn't sell their FH interest. SU will be billing its partner for development cost, Total will have to pay up their share as a WI partner (meaning SU foot out less development capital). Total's share of production still  have to run it through SU's upgrader and refineries. The fear that SU' ...more  
Comment by ztransforms173 on Aug 07, 2023 1:45pm
- at a WCS price of USD 66+ per barrel, Fort Hills is also in a STRONG FREE CASHFLOW POSITIVE position so TotalEnergies will be ACCUMULATING CASH to later to be used to PUMP UP the BOP capacity to nameplate - I believe that this is the PRIME REASON why Total is HOLDING OUT FIRM - they will only come UNDER PRESSURE when there is a CAPITAL CALL on the Fort Hills partners and Suncor Energy gets to ...more  
Comment by ztransforms173 on Aug 07, 2023 2:38pm
From TECK.B Q3/2022 report: Reconciliation of Gross Profit Before Depreciation and Amortization Three months ended September 30, 2022 (CAD$ in millions) Energy (Fort Hills share) 119       September 30, 2021 (CAD$ in millions) Energy (Fort Hills share) -3 - so Fort Hills was CASHFLOW POSITIVE in Q3/2022 - have NO IDEA what the Fort ...more  
Comment by ztransforms173 on Aug 07, 2023 4:35pm
From SU May 8, 2023 CORPORATE GUIDANCE: 2023 Full Year Outlook May 8, 2023 Fort Hills (bbls/d) Suncor working interest of 68.76% (4) 85,000 - 95,000 4) Fort Hills production includes Suncor's incremental 14.65% share of Fort Hills production that is held by an affiliate it acquired from Teck Resources Limited on February 2, 2023. FH @ 100% WI: 123,618 - 138,162 - so with a BOP of 123 ...more  
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