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. > Pioneer selling for 60B U.S. /82B Canadian

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Comment by Experiencedon Oct 09, 2023 9:45am

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Post# 35675788

RE:Pioneer selling for 60B U.S. /82B Canadian

Honeypot....Agree that this is a headscratcher....

Exxon is paying a lot for Pioneer IMO. I glanced at the proposed deal and frankly, I don't see how the math works for Exxon (good for Pioneer shareholders!!). Guess I must be missing something.

Whether this price is translatable to SU remains to be seen. Right now SU seems to go up and down with the oil price and The Street is OK with that. The main difference I suppose is that Pioneer produces a lot of gas which as I have posted before, has IMO, a better runway going forward than a pure oil producer.

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This junior mining stock offers billions in market exposure