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.

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Suncor Energy Inc > Can someone explain this to me?

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Post by Karl63on Apr 28, 2022 7:46pm

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Post# 34640722

Can someone explain this to me?

I'm a shareholder, and quite happy with what the price did today. But I don't really understand WHY the big change; right now it seems that a shareholder has written a letter to the company and suggested changes that would benefit and improve company value. Sure, great intentions, but is that alone really worth the stock going up 12% today? I sold half my position at $46.75 Cdn - don't know if that's right or wrong, but I couldn't resist . . .

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