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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...
(including Canada’s Electric Highway, a coast-to-coast network of fast-charging electric vehicle (EV) stations). The Company is developing petroleum resources while advancing the transition to a lower-emissions future through investments in lower-emissions intensity power, renewable feedstock fuels and projects targeting emissions intensity. The Company also conducts energy trading activities focused primarily on the marketing and trading of crude oil, natural gas, byproducts, refined products and power. It also wholly owns the Fort Hills Project, which is located in Alberta's Athabasca region.
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TSX:SU - Post Discussion
Suncor Energy Inc
> OPEC Chief:Too much doom&gloom,bullish on oil demand.
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spurwing2
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Post by
spurwing2
on Nov 04, 2024 8:34am
OPEC Chief:Too much doom&gloom,bullish on oil demand.
https://www.cnbc.com/2024/11/04/opec-chief-is-bullish-on-oil-demand-despite-extended-production-cuts-.html
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Experienced
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Comment by
Experienced
on Nov 04, 2024 8:57am
He may be right but demand is only one side of the equation...with the production cuts, OPEC has lots of excess supply to meet a higher demand which would limit oil price increases. All that aside, the question for investors is always to find a solution to the question - "Based on my investment objectives where is will I get the best risk adjusted return on my money". Frankly
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