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 > should hit low 29's tomorrow

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Comment by rad10on Dec 17, 2021 7:17am

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Post# 34239684

RE:should hit low 29's tomorrow

NewfNewf wrote: Time to start buying back in. 20% of my position tomorrow. Next 20% in the 26's. Final 60% if it hits the 21's again. Lets see how she goes.

The buyback is ongoing. They bought back 4.1% of the outstanding shares this last financial year. The new NCIB is even more aggressive - over 6%.

Deleveraging is also ongoing.

I hope you are able to pick up shares at that level. You will be pleasantly surprised a year out.

The improved fiscal stewardship of these companies - CVE / SU etc is good news for investors.

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