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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 > IF SU SELLS PC Gas Stations, ALL Proceeds Should Go To DEBT
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Comment by Experiencedon Jul 19, 2022 6:39pm
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Post# 34835771

RE:RE:IF SU SELLS PC Gas Stations, ALL Proceeds Should Go To DEBT

RE:RE:IF SU SELLS PC Gas Stations, ALL Proceeds Should Go To DEBT
mrbb wrote:

personally, i'm slightly tilted against selling the gas stations. SU shouldn't have money problem the way energy prices are heading. There are many benefits of keeping the gas stations.  1) real estate in prime location are appreciating assets 2) gas stations can be upgraded with charging stalls to maintain or add revenue on the energy transition 3) the charging station upgrade can be utilized as carbon credit score in future carbon credit game 4) PetroCanada (on canada side) is a brand name that the new buyer would never pay for as new logos would be deployed. 

 

Eigen337 wrote: ...REDUCTION !!!???!!!

 



They 'should' be TARGETING a MINIMUM LONG-TERM DEBT BALANCE of ~ $ 4.5 billion !!!

They have ~ $ 3 billion in LONG-TERM LEASE LIABILITIES !!!

Throw-in a MINIMUM CASH BALANCE of ~ 2.5 billion and their TARGETED NET DEBT 'should' be about $ 5 BILLION !!!

Depending on the ACTUAL DISPOSITION, these targets will DRIVE ENORMOUS shareholder value APPRECIATION !!!

This is my opinion only.

Eigen337
 


 

 

Agreed except for possibly Point 4 which really doesn't make much difference in the grand scheme of things

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