Bullboard - Stock Discussion Forum 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 production; petroleum refining in Canada and the United States; and the Company’s Petro-Canada retail and wholesale distribution networks... see more

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Suncor Energy Inc > TMX expansion to disrupt oil flow to US, Boost Prices

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Post by MigraineCall on Sep 19, 2023 9:28am

TMX expansion to disrupt oil flow to US, Boost Prices

https://www.reuters.com/markets/commodities/canadas-trans-mountain-pipe-expansion-disrupt-oil-flow-us-boost-prices-2023-09-19/

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Comment by meritmat on Sep 19, 2023 9:44am

If they ever get it built

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Comment by ztransforms173 on Sep 19, 2023 9:46am

Its startup could add as much as $2 per barrel to prices paid by U.S. Midwest oil refineries that sit along Canada's existing main oil-export route. Plants that benefited from discounted oil include those operated by BP (BP.L), Citgo Petroleum, Exxon Mobil (XOM.N) and Koch Industries' Flint Hills Resources, analysts said. - USD 2 per WCS barrel SEEMS to be an UNDERESTIMATE of the ...more

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Comment by newtonboy on Sep 19, 2023 11:07am

These are the exact reasons why IMO the TMX will not be in operation while the Libs and Dems are steering the energy ship. Why would Sleepy Joe want to raise energy prices in the U.S.? Political suicide.

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