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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 Wynjoeon May 29, 2021 10:58am
225 Views
Post# 33292433

RE:This is SU's plan ... So I am holding to it.

RE:This is SU's plan ... So I am holding to it.
very frustrating to listen to Canads stance on oil,but i to will stay invested.I like Suncors low cost per barell,i like the cost savings we will see through their taking over the operation of syncrude,and with debt repayment and share buybacks,and the future extra markets they will reach in 2022 with the completion of the trans mountain pipeline,it is to much to walk away from. They are huge,they have vast reserves, they have other projects they can kickstart,(terra nova,),and the dividend is pretty much guaranteed to increase going forward.There are things i dont like,but if you want oil and gas in your portfolio,Suncor is as good a bet and maybe better then others.Goodluck to all,i would not want to see any investor lose hard earned dollars.
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