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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

Post by liljohnnyjokeon Jul 28, 2021 10:36am
272 Views
Post# 33616356

Institutions continue to bail before earnings

Institutions continue to bail before earningsand likely continue to add to short positions

all must know for certain that even with +$70 oil that there will be no sharing of record FCF with investors via divi increase

that will take sp back to $20 CDN

and if oil price pulls back in fall as it usually does they will say they can't raise divi then and voila $15/sh like last fall

but they will have bought back most of the 44M shares via the NCIB closer to $30/sh

money well wasted

they deserves record year end bonuses for price performance
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