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.

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Suncor Energy Inc > Market hates suncor

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Comment by Bigbear7405on Oct 14, 2021 3:15pm

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Post# 34006511

RE:RE:RE:RE:Market hates suncor

They have already paid off 60 million shares compared to CNQ 5 million? By the end of the fiscal year it will be around 80 million shares bought and cancelled. A savings of 67 million a year in dividends payouts which can be used for more share cancelling.

Tommy123 wrote:
angelnicky wrote: problem will be solved when the ceo and board resigns

Why would they do that? Suncor is buying back millions of shares, and paying off a lot of debt. It might not be the 'sexy' thing to do, but at some point the shares will increase (likely 2022, or 2023 at the latest).

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