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Suncor Energy Inc. T.SU

Alternate Symbol(s):  SU

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

Comment by Clemxb7on Jun 08, 2022 4:11pm
210 Views
Post# 34741582

RE:March 31st vs today

RE:March 31st vs todayNo doubt Suncor is undervalued based on a lot of metrics.

Suncor has a decent chance of making over $3 this quarter. That puts forward earnings at $12. Give that a 14 multiple and you get $168.

Things to consider:
  • Oil prices are likely to stay high for the forseeable future. 
  • 14 isn't an outrageous multiple for a company spewing cash from all it's orifices.
  • Got Suncor calls or common?
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