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 > I see Chevron is buying Hess

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Post by meritmat on Oct 23, 2023 8:10am

I see Chevron is buying Hess

The big get bigger. Sounds like Guyana is the Jewell. Could surpass Venezuela in oil production in the next decade

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Comment by lifeisgood1010 on Oct 23, 2023 9:24am

Yes, it's all about Guyana.For now they are talking of about 11 billions barrels. That's about 110 days of today's daily consumption.These fields have upside discovery.It would be interesting to know what are the cost of these barrels. In any event,these finds are knowed and are just changing hands of ownership. In the mean time, based on my calculations, the overall ...more

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Comment by ztransforms173 on Oct 23, 2023 10:37am

- besides MATCHING the KEEPING UP WITH THE JONES (ie: Exxon Mobil) STRATEGY, you get the ADDED BENEFIT of GEOLOGICAL DIVERSIFICATION: * Guyana {30% SHARE of the ESTIMATED 11 billion barrels of RECOVERABLE RESERVES} * Bakken {GOOD long-term propects with 465,000 NET ACRES and the COMPANY-OWNED MIDSTREAM ASSETS to SUPPORT development} * Gulf of Mexico {POTENTIAL for LARGE COST SAVINGS due to ...more

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