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 > $35-37 Today

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Comment by jx7000on Oct 28, 2021 10:34am

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Post# 34058524

RE:$35-37 Today

Experienced wrote: What are you guys putting in your coffee!!!!

1....when they cut the dividend the price change was less than $2 the next day

2....oil price is down over a per cent

3...more importantly - SU mgt totally blindsided The Street with the doubling of the dividend. This is never a good thing

4.....with the dividend increase costing about a billion dollars a year mgt has basically confirmed that they have no plan to grow the company especially in areas outside of oil.

Pretty flimsy correlation. Are you on their BoD? This is not some funny-money start-up. Staying profitable for awhile is good. I like dividends.

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