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. > Debt level

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Comment by Clemxb7on Apr 15, 2023 10:47am

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Post# 35396612

RE:Debt level

In general it is better to owe less money than more.

Suncor took on some extra debt just to get by in 2020 which is why the stock price tanked although now that and more have already been paid back.

I think 9 billion is the floor because it a very manageable number vs cash flow. Also I believe there is no advantage to paying of these bonds early and there could even be a penalty amount due if they do.

So they will just make the scheduled payments until paid off as per the original agreement.

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