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. > Perspectives on Investing in SU

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Comment by Chris007on Aug 02, 2021 12:06am

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Post# 33639204

RE:RE:RE:Perspectives on Investing in SU

Paying down debt strengthens the balance sheet...

However, anyone who spent day in an accounting class knows that buybacks DO NOTHING to strenghten the balance sheet. It merely reduces shares outstanding (treasury stock debited, cash credited)...therefore, technically giving the remaining shares outstanding a "bigger piece of the pie"

Bigbear7405 wrote: Paying of debt and share buybacks strengthens the balance sheet. Giving all the profits to higher dividend is not strengthening their balance sheet. anyone who has spent a day in an accounting class would know this.

PabloLafortune wrote: Buybacks are simply put financial engineering which is putting the cart in front of the horse - its kind of ludicrous that this is Suncor's raison d'etre for the next 12 months Makes you wonder if Wall/Bay street are running the show - we know the mom and pops arent thats for sure. Ask Intel $100B in buybacks later if that served them well? It didnt it was a disaster and everyone knows it. #2, Suncor is lagging all its peers in the past 6 months even though Suncor is recovery leveraged so the environmental argument doesn't hold water - bottom line investors dont have confidence in management eg Fort Hills. Anyway I'll be unloading my shares in the near future and will no longer be posting here.