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. > I'm buying it for the dividend

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Comment by matt2018on Mar 14, 2024 11:02am

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Post# 35932665

RE:I'm buying it for the dividend

well said lifeisgood. We are finally seeing some SU stock price appreciating in a decent (not particularily high) Oil price.
Fair to say that we have not really seen that in the past.
Even during higher oil price cycle, SU stock seemed to be spinning its wheels.
Could be wrong of course but it has different feel right now.
I believe its investor confidance in the new mangement team.

lifeisgood1010 wrote: Oh yeah, think again.

For those who bought company that pay a huge dividend like BCE.

Think again.You have lost more in capital than what you have earned in div.

With R. Kruger at the helm, we are seing improvement in safety, increased production,
cost cutting...

I want to be invested in company that make money not destroy capital.

And for those who said that SU should have sold their downstream assets.Well you
should look at what these assets are generating in profitability.

Again the EV guys that have cristal balls and predicting the end of oil usage(LOL)
They will tell us that the downstream is a dying industry.Well for now and for the foreseable
future, we will be consuming more oil with the population growth.Their is more to oil usage
than just car consumption.Oil is in everything.

Staying long and yes,Life is good.

BCE chart