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.

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Suncor Energy Inc > Thoughts on the numbers?

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Comment by AlbertaOilPanon May 03, 2021 11:04pm

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RE:Thoughts on the numbers?

The debt reduction is the best part in the report. Another Q of keeping the Op Costs down will be more telling if the strategy is working. Still have some transitory issues with retirements, closing eastern offices, etc...that'll run into late 21/22. From the new IR presentation a dividend increase doesn't appear likely until 22 with Q4 results.

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