Fri, Mar 6, 2015, 1:07 AM EST - U.S. Markets open in 8 hrs 23 mins


% | $
Quotes you view appear here for quick access.

Suncor Energy Inc. Message Board

  • whartonmba99 whartonmba99 Apr 15, 2013 3:01 PM Flag

    stoopid move by suncor

    got into natural gas when prices were low, getting out when prices are rising. buy high sell low, even big corporations do it..

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • This deal makes no sense for SU. The amount of gas given away for a 1 billion dollar by out is a charity from SU to the buyers. This seems like a stupid move by SU and the market agrees.

    • SU obviously wants to focus purely on oil, for good reason. They have more than100 years of reserves already! The only potential problem that I see is that SU has to use enormous amounts of natural gas to heat and separate the oil from the bitumen. If natural gas became a lot more expensive because everybody in the world would heat their homes with natural gas (which people should by the way), it would really cut into their profits. I think SU should have gone the other way and, when natural gas was really really cheap, per BTU way cheaper than oil, they should have bought a gas company like ECA, which has humongous gargantuan reserves of natural gas!

29.71-0.43(-1.43%)Mar 5 4:02 PMEST

Trending Tickers

Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.
Geron Corporation
NASDAQThu, Mar 5, 2015 4:00 PM EST
Orbital ATK, Inc.
NYSEThu, Mar 5, 2015 4:02 PM EST
The Kroger Co.
NYSEThu, Mar 5, 2015 4:00 PM EST