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 Clemxb7on Mar 07, 2023 10:37am

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Post# 35323592

Suncor lowered buybacks in February

Suncor only bought back 3.6 million shares in February. Pretty low amount. Probably still paying off a bit more debt to reach $12 billion net debt by end of Q1 and the start of putting 75% of excess cash towards investor returns via buybacks and dividends.

from @gugo907

At some point I think the shareholder returns should really goose the price should they ever actually get to 75% then 100%. It won't be a hard calculation when higher oil prices directly convert into higher buybacks.

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