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. The Company 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.

TSX:SU - Post by User

Suncor Energy Inc

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Comment by Fishermenon Oct 02, 2020 12:45pm

257 Views

Post# 31658242

RE:RE:RE:SU Cutting Workforce By An Additional 2000 - BNN Today

Chris007 wrote:
Fishermen wrote:

newcoin wrote: Some of the cuts are immediate.

Some of the cuts will be done shortly.

consider this as good news?

Obviously not good news for people who work for them. However, cost cutting is never a terrible thing for shareholders, especially with the persistant weakness in the underlying commodity.

2000*80000= 160M, that's really substantial figure. Will liberals and their Mr.Trudeau ever realize the importance of keeping Canadian business competitive.

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