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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

Post by topdown99on Feb 05, 2021 5:13pm
497 Views
Post# 32487770

You all are missing the point

You all are missing the point WTI is holding $57/brl , thats all that you really need to look at . Suncor is an oil producer first and foremost and the price of oil has been trading above $50/brl since the start of the year . In a rising price environment , refinery assets perform financially as well . Q1 numbers could see revenues back around $7 billion which will supercharger FCF . No matter whether management decide to buy back stock (which is a bargain right now) or increase the dividend , it bodes well for the SP . Analysts want you to look back because looking out the front window shows blue skies and an open road . SU at $22.00/sh is crazy cheap , I don't see this lasting any longer .
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