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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 29, 2021 11:09am
302 Views
Post# 34063328

RE:The new narrative: Suncor is back

RE:The new narrative: Suncor is backNot quite. Notwithstanding the very important and consequential day to day operations which I know nothing about and will not comment on, restoring the dividend was only the first step. The next steps are - not necessarily in that order - to materially reduce net debt even if cash, and to invest in conventional natural gas and condensate production. The buyback - esp timing wise - was a mis-step and should be set aside after Q4. There is a mgmt dictum in Silicon Valley that has worked remarkably well: fail fast. Suncor needs to follow it. Once the debt is way down and Suncor is going where the puck is going with natural gas ( first as substitution, later as core export business), then buybacks can be "restored" lol. Just my opinion.
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