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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 Experiencedon Jan 24, 2022 7:10pm
208 Views
Post# 34355968

RE:RE:RE:RE:RE:RE:RE:RE:Interesting Energy Market

RE:RE:RE:RE:RE:RE:RE:RE:Interesting Energy Market
angelnicky wrote: ceo shouod step down , it will be good news for the stock
Generally, when I see posts such as yours on various Boards, my thought is that the poster is somewhat simply minded and inexperienced.

In this case, I find myself agreeing with your sentiment.  Little is not an "oil man".  His approach is more a combination of CYA and financial engineering as opposed to really looking at what it will take to set the stage for future growth of the company.

ALA was in a similar situation a year or so ago.  I was a long time holder of ALA but sold out in the mid 20s when the incompetence of the management became very evident .  The BOD kicked out the management and put in a great guy as CEO.  I bought back in in the mid teens and have seen almost a 100% gain in the SP due to great new management.  I think the same could happen to SU.

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