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 production; petroleum refining in Canada and the United States; and the Company’s Petro-Canada retail and wholesale distribution networks (including Canada’s Electric Highway, a coast-to-coast network of fast-charging electric vehicle (EV) stations). The Company is developing petroleum resources while advancing the transition to a lower-emissions future through investments in lower-emissions intensity power, renewable feedstock fuels and projects targeting emissions intensity. The Company also conducts energy trading activities focused primarily on the marketing and trading of crude oil, natural gas, byproducts, refined products and power. It also wholly owns the Fort Hills Project, which is located in Alberta's Athabasca region.

TSX:SU - Post by User

Suncor Energy Inc

Bullboard Posts

Post by nambuon Sep 15, 2009 7:07pm

575 Views

Post# 16308650

Suncor selling natural gas assets.

Yes, we knew...

https://www.globeinvestor.com/servlet/story/RTGAM.20090915.wsuncor0915/GIStory/

So who just sold Bonavista for $632 mil and is spinning off their oil division to concentrate on natural gas and should have a billion or so in divestiture chump change in excess of exisiting cash just in time...

...hint: It's almost encana-ey how news is timed so well, simply uncanny IMHO.

So where do we think SU will concentrate 70% of efforts in the sands - seems they might have to get moving on their undeveloped projects as well to stay on tactical target. Voyageur is just the tip of the iceberg - appears Fort Hills will have to be on track just to keep on growth track at this rate.

GLTA !

Bullboard Posts

Advancing flagship Ishkõday Gold Project in Ontario