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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 PabloLafortuneon Feb 03, 2022 8:35pm
142 Views
Post# 34395617

RE:cryin an whinin

RE:cryin an whininI’m not whining, I’m telling you why I believe the stock is lagging. I sold half my remaining yesterday and bought CVE. I’m obviously not the only one who thinks they’re going in the wrong direction. SU overvalued relative to CVE although perhaps under relative to CNQ. Clearly there’s only 2 kinds of investors Suncor can attract relative to peers who are also making money hand over fist. 1, dividend investors. Very straightforward and could take the SP to $50. 2, Suncor 2.0. For example, buy a large gas producer and pledge to supply gasoline with carbon neutral natural gas by 2030. To do that, they’ll need cash, cash that is currently being applied to buybacks. Their approach  given the grim imo 20 year outlook is too simplistic and inadequate. Common sense - go to the Toyota dealerships. The electric models are on 2 year wait list. The hybrids 6-12 months. Gas models - plenty of those. And that’s nothing, the Hybrid Sequoia, Tundra and 4 runner haven’t hit the showrooms yet. YMMV.
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