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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

Post by Farmer12on Nov 10, 2021 7:44pm
323 Views
Post# 34112807

Institutional ownership

Institutional ownershipAround 68.5% of Suncor shares are owned by institutions. This amounts to around 900 million shares. In the month of October alone, around 200 institutional holders increased their positions by around 69 million shares. Interpret this however you wish, it doesn't appear that institutional investors are all bailing on Canadian oil and gas despite cold winds over the sector. This company is too solid, too well run, too well placed, oil prices too faourable, to ignore completely despite a hostile government, hostile regulators and bat shite crazy econuts lurking in the true north strong and free.
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