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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 PabloLafortuneon Mar 08, 2021 1:21pm
275 Views
Post# 32744171

RE:This could break $30 tomorrow..

RE:This could break $30 tomorrow.. Great Chadle, I'm not as bold as you to predict share price but I note that they did generate $12B of cashflow in 2019, they have reduced over $1B in costs since, sustaining capex is under $4B, and while the debt is ~$15B, they could theoretically pay it back in less than 2 years under normal conditions - don't think too many E&P's can do that. Therefore, I am long Suncor.
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