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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.


TSX:SU - Post by User

Suncor Energy Inc > Correct me if I'm wrong, But:
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Post by w8asecon Jul 29, 2021 11:51am
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Post# 33623412

Correct me if I'm wrong, But:

Correct me if I'm wrong, But:What am I missing with my math ??? Please help

Balance sheet says;

Net assets - Net Liabilitiea = 36.2 Billion of Equity

with 1.5 Billion shares outstanding that = net asset value at over $24.00/share.

Then add in what looks like EPS of 2.25 ... What is a fair multiple - 15 ???

If 15 then we have a valuation of $34./share plus $24 of assets.

Could this be trading at $58.00 ?

When was oil last at $73.00 per barrel?

Someone help straighten me out before I back up the truck.
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