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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

TSX:SU - Post Discussion

Suncor Energy Inc > Saudi Arabia Cuts Oil Prices
View:
Post by Donwaan on Jul 05, 2024 10:18am

Saudi Arabia Cuts Oil Prices

Top oil exporter Saudi Arabia cut prices for all crude grades it sells to Asian customers for a second month in a row in August amid robust supply from countries outside OPEC and uncertainties over the demand outlook. https://www.marketwatch.com/story/saudi-arabia-cuts-oil-prices-for-asia-for-second-straight-month-7e03512c?mod=home-page
Comment by lifeisgood1010 on Jul 05, 2024 10:38am
You need to read the full text.That's a drop of only 60 cents for Asian customer only. Otherwise it increased the other 10 cents or flat. SU price decline were expected due to the Firebag short term reaction. If you are investing in company expecting daily gratification, you are in the wrong business. Stock prices don't go up every single day/weeks/months Daily price fluctuations means ...more  
Suncor Energy Inc
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