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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

Comment by PabloLafortuneon Oct 19, 2021 11:57am
220 Views
Post# 34022788

RE:RE:RE:Management

RE:RE:RE:Management Exactly. Shareholders need to realize Suncor in its current incarnation will probably be gone in 40-50 years. If Suncor was owned by a single shareholder, there wouldnt be any question of buybacks of course. In fact, every dollar of profit would probably be taken out of the business and reinvested elsewhere aka dividends. Probably in the order of $300B over 30 years or $200 a share. Besides, do you really want that group of individuals called the Board of Directors to be reinvesting YOUR share of Suncor's cashflow on your behalf? Seriously? Come on, man. Even repaying the debt early is dubious. Its not due so who cares. When its due pay it back. Better yet refinance it. The answer is so obvious. Yet it doesnt happen. Why? Because they have no skin in the game. Force them to invest every dollar they own including their house into Suncor and the BoD would canx the buyback yesterday and pay the highest dividend possible and imaginable, weekly if possible. This is how money is made. A (very) wealthy group takes over a company like this that trades at depressed prices because of an inept BoD with little skin in the game, replaces them, maximizes free cashflow, milks it and reinvests the money elsewhere.
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