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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
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Post by MigraineCallon Oct 27, 2021 6:17pm
385 Views
Post# 34056577

Q3 highlights

Q3 highlightsI'm only halfway through reading it but I'm 13 hours ahead of everyone, so I'm going to bed now.

Interesting items and highlights for me:

Doubling the dividend to .42 a share

Accellerating the present share buyback NCIB to 7% this year

Earnings on target at .71

Average Q3 WTI Cushing was $70.55 (Q4 should be even higher)

Fort Hills slope and water issues over, second train to be back online by the end of the year doubling production there

Refinery utilization was 99%

All turnarounds completed, none expected so Q4 should be good, Q1/22 even better

Higher Nat gas prices increasing input costs

US/CAD Exchange rate issues: product is sold in USD, costs are in CAD. A stronger CAD = higher costs with a lower sales revenue

Generally a strong quarter, and all very good IMO.
G'Night




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