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.

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Suncor Energy Inc > taking a look at teck now

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Comment by Cheadle12on Feb 05, 2021 5:55pm

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RE:RE:RE:taking a look at teck now

Total are also divesting from heavier Oil .. so they could buy out both partners if they all agree.

Chris007 wrote: If SU could buyout Teck's stake for the right price, that might not be a bad thing.

SU currently has 54.11% interest, Total has 24.58% and Teck has 21.31%

https://www.suncor.com/en-ca/about-us/fort-hills

I suppose it depends how badly Teck wants out.

Cheadle12 wrote: So would Suncor buy out the JV or someone else? i.e. What advantage is this for Suncor?

bendmeover wrote: they want to divest fort hills for copper project supposedly ... seems like price they will get is getting better by the day .... + copper will do very well with an average of 180 lbs of copper being used in a EV vehichle .... coking coal doing well with china / australia feud
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oil is not going anywhere soon sorry ESG ers .... electric over hyped for now .... engineers in china say it will be 2050 before there electrical grid could charge the vehicle if even half the population was driving them ...just my two cents do your own DD