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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
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Post by Mooneymanon Feb 09, 2015 12:06pm
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Post# 23410688

"We planned for this crude price environment,"

"We planned for this crude price environment,"On 4 February, Suncor (NYSE:SU) reported its Q4/14 earnings, which were down some 81% as compared with the same quarter in 2013. At CAD $ .27, they missed consensus analyst expectations of $ .35. But in the report, the company emphasized its fiscal discipline and displayed clear confidence in its future prospects. Suncor's CEO, Steve Williams, said in a conference call that followed the earnings report: "We planned for this crude price environment," and added that the company was intent on "profitably growing production." Suncor actually traded up on the earnings release, closing on February 5 at $30.01 (NYSE).

Entire article at:
https://seekingalpha.com/article/2898436-suncor-energy-conservative-investing-in-the-oil-patch?auth_param=mp1ph:1adhjm8:6c208d47b2537a4f8791b1e113f6d273&uprof=45&dr=1
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