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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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Comment by itsalieon Feb 09, 2018 9:22am
132 Views
Post# 27532452

RE:Refining & Marketing Were ~ 1/3 SU Q4 Funds From Operations.

RE:Refining & Marketing Were ~ 1/3 SU Q4 Funds From Operations.
Eigen337 wrote: "Funds from operations of $3.016 billion ($1.83 per common share) represents a new quarterly record for the company. Cash flow provided by operating activities, which includes changes in noncash working capital, was $2.755 billion ($1.67 per common share).

Refinery utilization of 94% and a continued favourable business environment helped the Refining and Marketing (R&M) segment contribute $935 million in funds from operations and $746 million in operating earnings in the quarter."

**********

In today's operating environment (partly due to hurricane damage on US Gulf Coast), the REFINERS and MARKETERS of petroleum products are the new gold mines !!!

This is my opinion only.

Eigen337




and it still dropped 2%.. imagine if they had a bad quarter
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