Thread: Suncor Energy Inc. (SU)

Last qtr. Suncor reported that their per barrel operating cost is $18.30 a barrel making them viable if oil ever (ya right) went back to $30 a barrel.

"During the second quarter of 2006, Oil Sands cash operating costs averaged $18.30 per barrel, compared to $27.10 per barrel during the second quarter of 2005. The decrease in cash operating costs per barrel is due to operating expenses being spread over significantly more barrels of production."

From their website.

Near Fort McMurray, Alberta, Canada, Suncor extracts and upgrades oil sands into high-quality refinery feedstock and diesel fuel.
In Western Canada, Suncor explores for, develops and produces natural gas.
In Ontario, Suncor refines crude oil and markets a range of petroleum and petrochemical products, primarily under the Sunoco brand.
In Colorado, Suncor’s downstream assets include a Commerce City-based refinery, crude oil pipeline systems and 43 retail stations branded as Phillips 66.

I like this company long term and others in the area because they are our next big supplier of oil. They are trying to build infrastructure and that's what's holding them back. And the need for labor. O' and they have the largest Ethanol plant in Canada.