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 > Taxing share buy backs

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Post by Galou10on Nov 03, 2022 1:48pm

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Post# 35070357

Taxing share buy backs

I would be interested to see how taxing companies for share buy backs lowers the oil prices. Do they then subsidize fuel at the pumps. I believe the government is over stepping their boundaries. On the brighter note, if they do tax buy backs the companies will either have to pay off debt or give money back to share holders who will then have to pay taxes on the div.

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