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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

Post by PabloLafortuneon Jul 21, 2022 8:33pm
420 Views
Post# 34842024

CVE vs Suncor

CVE vs SuncorLooking at past 4 quarters up to q1 2022, one can see that Suncor generated 1.6x the cash-flow of CVE. However, CVE reduced the debt by $5B or a third and really have positioned themselves well for the future. Whereas Suncor only reduced the debt by $2.6B, spent $2.8B in buybacks and $1.8B in dividends ($700M and $210M for CVE). CVE sold assets, Suncor did not (announced but nothing yet...) Who today is better positioned for increasing shareholder returns, acquisitions, etc.. CVE. Even though Suncor is more profitable )( they produce a lot of Synthetic crude while CVE produced WCS big diff. In realization. Share price appreciation CVE wins hands down of course again despite suncor buybacks. So IMO a change in mgmt and BoD is warranted. Ymmv.
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