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 > Oil goes up SU goes down...

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Comment by firstworldon Oct 22, 2021 11:05am

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RE:RE:RE:RE:RE:RE:Oil goes up SU goes down...

Makes no sense since they are getting BNs more welfare injection to reduce carbon emissions on the backs of 14 hr day mom and pops trying to send their kids to uni LOL.

Experienced wrote:
autofocus111 wrote: SU is no chimp. It's an 800lb gorilla trapped in the ESG cage. When the profit figures begin coming in quarter after quarter like a steamroller, some institutional firms and hedgefunds will be inexorably attracted to the SU printer spitting out cash, and bring forth the key that will unlock the cage and set it free.
Perhaps

The public narrative and the political push is to significantly reduce the demand for oil. While many here, including myself, think this narrative is full of holes, to the "unwashed hordes" this is what they believe - it is their reality like it or not.

So to these people, the company buying back shares so that they have a bigger percentage share of the company with the shares they own means in their heads that they have a bigger share of a future nothing.

Until SU can show it is more than a one trick pony, this perception by the market will persist despite incredible FCF numbers.