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Suncor Energy Inc. T.SU

Alternate Symbol(s):  SU

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, including Canada’s Electric Highway, a coast-to-coast network of fast-charging electric vehicles (EV) stations. Petro-Canada has a network of over 1,800 retail and wholesale locations across Canada, providing customers with a wide variety of fuel and service offerings including low-carbon fuel options. It is developing petroleum resources while advancing the transition to a low-emissions future through investment in power and renewable fuels. It also wholly owns the Fort Hills Project, which is located in Alberta's Athabasca region, approximately 90 kilometers north of Fort McMurray.


TSX:SU - Post by User

Comment by shareswapperon Nov 01, 2020 4:28pm
160 Views
Post# 31820536

RE:RE:RE:RE:suncor take over?

RE:RE:RE:RE:suncor take over?Don't think Suncor is interested in any large acquisitions or mergers.  They made that pretty clear on the call, they are looking to improve efficiency through innovation, reliability etc.  They upgrades thaey have just completed have provided enough scale to grow organically on their own.  I could however see some smaller acquisition in the mid stream or down stream.  They want to create their own demand and improve utilization rates.  I think they will wait until the Restrictions open and then the price / barrel to improve and they will pounce on some small accretive plays when we are at $40++ a barrel.
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