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 and gas production, petroleum refining in Canada and the United States and its Petro-Canada retail and wholesale distribution networks, including Canada’s Electric Highway, a coast-to-coast network of fast-charging electric vehicles (EV) stations. Petro-Canada has a network of over 1,800 retail and wholesale locations across Canada, providing customers with a wide variety of fuel and service offerings including low-carbon fuel options. The Company is developing petroleum resources while advancing the transition to a low-emissions future through investment in power and renewable fuels. It also wholly owns the Fort Hills Project, which is located in Alberta's Athabasca region, approximately 90 kilometers north of Fort McMurray.

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Suncor Energy Inc > we need senior management change

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Comment by Skysohighon Sep 07, 2021 1:19pm

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RE:RE:RE:RE:RE:RE:we need senior management change

Please don't spread bs here. Suncor is generating a lot of profit just look at the last earnings report. CNQ is as well but profitability and stock performance are not the same thing.

Tommy123 wrote:
PabloLafortune wrote: Buybacks represent an invesment in your existing business. Suncor's business model didn't do so well during the pandemic and the long term (30 years ) future of it appears to be in question. So going all in on buybacks seems...but the share price is quite low so perhaps its warranted atm. Perhaps a businessperson might try to change the business model or diversify instead. Or perhaps said businessperson is too preoccupied with the existing business and can't see the forest from the trees.

I agree that Suncor is struggling quite badly to be profitable right now, and they haven't really shown that they're recovering from the pandemic to any real extent, compared to competitors like Canadian Natural Resources (their stock is at their pre-pandemic price. I think Suncor's future will need to be renewable energy, and they should transition into that ASAP, and the market will pay attention as it will open up institutional fund investment.