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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 Speedyon Jul 14, 2021 3:50pm
159 Views
Post# 33543795

RE:RE:RE:Divy yield keeps rising, back to 3%

RE:RE:RE:Divy yield keeps rising, back to 3%

liljohnnyjoke wrote: This is the ONLY oil company I know of that  couldn't recover to prepandemic levels, and by a long shot, at $30sp they needed to move up another 40% to get there, and oil was $55 prepandemic, now $75.
And others like IMO manage to pay down debt, buy back shares AND raise dividend.
It can only be a management thing and that probably drove Buffet and KSA out. They wouldn't have bailed in $20s if they thought SU was going to $45 like CNQ .

 

Suncor looks like a golden egg still compared to companies such as crescent point and baytex. Those 2 companies have been an imbarrasment compared to most all others. Although I do agree Suncor is being held down severely and it's not retailers selling at these prices. It's just a game being played by big players to accumulate shares. It'll eventually go back up. Stocks are like a pendulum, and if they didn't fluctuate no one would make any money. 

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