Suncor Energy Inc. T.SU

Alternate Symbol(s): SU

Energy Oil & Gas Integrated

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

Suncor Energy Inc. > Oil goes up SU goes down...

<< Previous

Bullboard Posts

Next >>

Comment by firstworldon Oct 22, 2021 11:05am

130 Views

Post# 34037421

RE:RE:RE:RE:RE:RE:Oil goes up SU goes down...

Makes no sense since they are getting BNs more welfare injection to reduce carbon emissions on the backs of 14 hr day mom and pops trying to send their kids to uni LOL.

Experienced wrote:
autofocus111 wrote: SU is no chimp. It's an 800lb gorilla trapped in the ESG cage. When the profit figures begin coming in quarter after quarter like a steamroller, some institutional firms and hedgefunds will be inexorably attracted to the SU printer spitting out cash, and bring forth the key that will unlock the cage and set it free.
Perhaps

The public narrative and the political push is to significantly reduce the demand for oil. While many here, including myself, think this narrative is full of holes, to the "unwashed hordes" this is what they believe - it is their reality like it or not.

So to these people, the company buying back shares so that they have a bigger percentage share of the company with the shares they own means in their heads that they have a bigger share of a future nothing.

Until SU can show it is more than a one trick pony, this perception by the market will persist despite incredible FCF numbers.