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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 > The Suncor oil price disconnect these days
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Comment by mrbbon Jan 14, 2022 7:08pm
185 Views
Post# 34319336

RE:RE:RE:RE:The Suncor oil price disconnect these days

RE:RE:RE:RE:The Suncor oil price disconnect these days

 

I still think institutions still have SU to lighten up or unload as they jumped onto ESG bandwagon. 

This could be a real possibility since we don’t expect them to put much cash flow back into the ground, beyond maintenance capex, given the market’s appetite is moving over to those waving the environmental, social and corporate governance (ESG) banner.

 
Making it even more difficult is that capital is highly restrictive at the moment, because financial institutions are under a lot of pressure to no longer provide financing to the sector.
 

Don’t expect much help from our federal government. Prime Minister Justin Trudeau wrote a mandate letter in December to Environment Minister Steven Guilbeault instructing him “to accelerate our G20 commitment to eliminate fossil fuel subsidies from 2025 to 2023, and develop a plan to phase out public financing of the fossil fuel sector, including by federal Crown corporations.”

choose your horses

ilvmyt5s wrote: Suncor is the ESG whipping boy...

 

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