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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 Wynjoeon Mar 24, 2022 7:02am
287 Views
Post# 34540525

One week left ending first quarter....

One week left ending first quarter....With oil prices at record levels and futures pointing ever higher Suncor is a cash cow. Suncors first quarter earnings will be significantly higher than projected and with debt reduction and share buybacks ongoing the only thing left that would spike s/p is a dividend increase of which I believe will happen. The only reason s/p is low ,borders on environmental concerns that will and should take a backseat to countries that use oil profits to engage in war. SUNCOR IS AN EXTREMELY STRONG BUY AND HOLD!!!!First quarter will have windfall profits.
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