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 > Moody's Withdraws Rating for Suncor Energy Venture

<< Previous

Bullboard Posts

Next >>

Post by invton Aug 18, 2021 1:41pm

231 Views

Post# 33724274

Moody's Withdraws Rating for Suncor Energy Venture

10:46 AM EDT, 08/18/2021 (MT Newswires) -- Moody's said Tuesday that it has withdrawn the senior unsecured rating for Suncor Energy Ventures Corp., a unit of Suncor Energy Inc. (SU.TO).

Suncor Energy's stock was down 1.3% on last look on Wednesday in Canada.

The company changed the outlook to rating withdrawn from positive. The rating agency said it has decided to withdraw the ratings for its own business reasons.

Price: 23.01, Change: -0.38, Percent Change: -1.62

can someone explain to me what withdraw the ratings for its own business reasons

means. What are its business reasons

<< Previous

Bullboard Posts

Next >>

Rig Count Soars as Utilization Surpasses Industry Averages