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 > Dividend and high oil prices.

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Comment by Clemxb7on Feb 15, 2021 12:22pm

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Post# 32568456

RE:Dividend and high oil prices.

SU didn't anticipate $60 oil headed to $75.

With all the extra cash they will have they can: Buy back shares, Reduce debt AND increase the dividend. These are all good things for an investor.

After all is said and done money talks and you know what walks.

Simply put: when a company finds a new firehose of cash connected to it's bank account you buy it.

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