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Suncor Energy Inc T.SU

Alternate Symbol(s):  SU

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

Comment by NPCexeon May 27, 2021 11:50pm
107 Views
Post# 33284122

RE:RE:RE:RE:RE:Is Suncor trying to be something it is not...

RE:RE:RE:RE:RE:Is Suncor trying to be something it is not...There are other companies like CNQ that can manage both investor returns and the positioning for the future, without sacrificing one or the other. OVV, BTE, CNQ, there are plenty such examples. As much as I agree that div reinstatement isn't necessary right now, I am growing more partial to the idea when I see mgmt decisions resulting in nothing but people dumping the stock. One can defend SU all they want, but the fact of the matter is that the stock has severely underperformed, and it is time for management to be cognizant of this. Clearly every other company has their ducks in a row and shareholders have been handsomely rewarded.
Fishermen wrote:
SU management is doing the right thing to make sure their company can survive in the future. It just hurts investors portfolios who are really only demanding for near-term handsome returns. Oil companies will have to cut down their carbon emissions, the governments will make law to ensure they make it happen. https://amp.theguardian.com/environment/2021/may/27/cataclysmic-day-for-oil-companies-sparks-climate-hope


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