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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 and gas production, petroleum refining in Canada and the United States and its Petro-Canada retail and wholesale distribution networks... see more

TSX:SU - Post Discussion

Suncor Energy Inc > Oil down 5% tonight so far.
View:
Post by mbuch on Oct 28, 2024 1:15am

Oil down 5% tonight so far.

SU down 5-8% tomorrow?
Comment by Marty47 on Oct 28, 2024 9:01am
I sold all my Suncor at 53$ and change to avoid this oil roller Costner sadly we may hit the low 50 today , 4.50$ drop in wti is not something Suncor like 
Comment by Experienced on Oct 28, 2024 9:11am
mbuch... I would be surprised of the SP went down that much today since a significant part of the cashflow for SU is not directly related to the price of oil.  The refineries depend on the cracking spreads and the PC gas stations profits not proportional to day to day movements in the oil price. All that said, what has happened with the Israeli attack on Iran reminded me of the discussion ...more  
Comment by mbuch on Oct 28, 2024 10:08am
Some good food for thought Experienced. After the US election things will change for sure. Whole sector is not down as much as I thought it would be. But the day is not over.
Suncor Energy Inc