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.

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Suncor Energy Inc. > Who won the trade?

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Comment by Obscure1on Apr 27, 2023 4:24pm

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Post# 35417920

RE:RE:Who won the trade?

I can 100% assure you that SU got a great deal on a bulk asset as nobody else would touch the deal with a ten foot pole.

SU has either intentionally or unintentionally done such a terrible job at Fort Hills that both Teck and Total wanted out. I very much doubt that there was any serious interest from any other parties as everyone involved knew the rules.

If SU was intentionally sandbagging results at Fort Hills and/or was secretly behind the recent Environmental issues, I would actually be impressed.

It wouldn't surprise me one bit if Fort Hills starts reporting better results now that SU is in full control of the asset.

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