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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 and gas production, petroleum refining in Canada and the United States and its Petro-Canada retail and wholesale distribution networks, including Canada’s Electric Highway, a coast-to-coast network of fast-charging electric vehicles (EV) stations. Petro-Canada has a network of over 1,800 retail and wholesale locations across Canada, providing customers with a wide variety of fuel and service offerings including low-carbon fuel options. The Company is developing petroleum resources while advancing the transition to a low-emissions future through investment in power and renewable fuels. It also wholly owns the Fort Hills Project, which is located in Alberta's Athabasca region, approximately 90 kilometers north of Fort McMurray.


TSX:SU - Post by User

Post by Obscure1on Oct 29, 2021 5:37pm
466 Views
Post# 34066296

To put it into perspective

To put it into perspectiveThe following is from Mark Little's 2nd turn at the microphone during the Q3 conference call:

"To put this into perspective, Suncor today is on track to deliver similar debt levels and a lower number of outstanding shares than it had in 2015. However, with 35% higher production, a resilient downstream and a lower breakeven." 

Note: the share price was about $36 in 2015

It looks like 2022 FFO should be about $11 billion vs $6.8 billion for 2015, a 70% increase

In light of the ESG movement, I don't see w8asec's prediction of $60 per share happening, but if SU smashes out the next couple of quarters and oil prices hold, it is not much of a stretch to envision that SU's yield would gravitate towards CNQ's yield of 3.5% which would suggest a share price of $48.  My kids would love that.



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