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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 bluebeard123on Nov 01, 2021 2:02pm
218 Views
Post# 34073985

RE:Suncor #2 behind Tesla

RE:Suncor #2 behind TeslaI'm glad they restored the dividend. I have built a good dividend portfolio over the last 30 years. When Manulife cut their dividend in half in 2009, it took them until 2019 for them to restore the 2009 dividend rate. It hurt back then. I'm close to retiring and I will be relying on these dividends for income.  Their mix of dividends, share buyback program and reduction in debt makes it a very investor friendly company. I wish there are more companies like Suncor.
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