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. > we need senior management change

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Comment by Skysohighon Sep 06, 2021 8:49pm

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Post# 33817413

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:we need senior management change

I don't think they've sullied anything, that saga will be quicly put in the past. Again IIRC, td didn't renew their credit line and left them screwed. If Ward hadn't made so many misteps and put the company in dire straits they wouldn't have been taken out like that so easily. I recall a lot of lamenting on that board but honestly the best thing those shareholders could have done is taken whatever they got and moved on to AAV, BIR, ARC or whatever other gas name, there isn't a shortage of gas stocks in Canada to choose from and been smiling today.

Oldnagger wrote:
I realize that my opinion is a minority opinion, but after digging into the details of the takeover offer , ther were many details that were very sketchy at best ( such as TD writing the fairness opinion (one liner) while they were the major player that led to the rake-over. There is a lot more, I won't rehash all of it , but I mention it as a reminder to shareholders in Canadian stocks as to one of the issues leading to the undervaluation of the whole Sector.

Tragically , I think that CNQ hurt themselves more by the sullying of the industries reputation than they gained by making such a relatively small acquisition !!

Skysohigh wrote: I used to follow that board actually and as I see it Ward ran that company into the ground over years of mismanagement. The shares were around 60 cents or something like that IIRC by the time CNQ swooped in. I wouldn't judge CNQs tactics as despicable, more like opportunistic. They took out the weakest "prey" in the herd of small cap gas to the benefit of their shareholders with almost perfect timing. That's what I'd like to see SU management do.

Oldnagger wrote: As to the rake-over of Painted Pony shareholders by CNQ, I would merely like to comment that I am encouraged by the fact that Suncor did not indulge in the same despicable tactics as CNQ. For details go to the painted pony stockhouse BB. A truly tragic tale of greed on the part of CNQ , Pony's president (who left with a golden parachute ) and collusion by the Canadian banks (particularly TD )
IMO