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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 Farmer12on Nov 10, 2021 7:44pm
301 Views
Post# 34112807

Institutional ownership

Institutional ownershipAround 68.5% of Suncor shares are owned by institutions. This amounts to around 900 million shares. In the month of October alone, around 200 institutional holders increased their positions by around 69 million shares. Interpret this however you wish, it doesn't appear that institutional investors are all bailing on Canadian oil and gas despite cold winds over the sector. This company is too solid, too well run, too well placed, oil prices too faourable, to ignore completely despite a hostile government, hostile regulators and bat shite crazy econuts lurking in the true north strong and free.
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