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.

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Post by bullbirdon Jan 15, 2018 12:39pm

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Post# 27359859

Globe says Desjardins recommends buying Suncor.

2018-01-15 07:10 ET - In the News

The Globe and Mail reports in its Saturday, Jan. 13, edition that Desjardins analysts say the pullback in Canadian oil and gas equities has created an "attractive" entry point for investors to add exposure to the sector. The Globe's David Leeder writes that the analysts say mid-cap names that lagged should be of interest as those stocks "should eventually gain traction with increased confidence in commodity prices." The analysts say in a note: "We are seeing signs of strengthening oil market fundamentals on the heels of the OPEC supply cuts, which have helped clear the global inventory overhang. However, we also note the potential for increased differential volatility for Canadian crude relative to WTI as pipelines fill and rail becomes a greater factor in setting prices at the margin. Our favourite oil-weighted names include CNQ and SU among the large caps; in the mid-cap space, we believe that RRX, SPE, TOG and TVE provide the best light oil exposure. We continue to highlight ERF's growing light oil production while also noting the added benefit of significant diversification from the potential challenges of Canadian commodity benchmarks given that its production base is largely focused south of the border."

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