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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 lifeisgood1010on Nov 30, 2022 12:22pm
387 Views
Post# 35140073

Profitability,that's all that matters in the end

Profitability,that's all that matters in the endAnybody doubting how profitable are SU refining operation can have a look at page 36 of the
latest Q3 results.


2022-q3-report-en (suncor.com)

They show different crack spreads from Q4 2020 to Q3 2022.

Some spreads are 5 time more.Chicago 2-1-1 went from $7.95 to $43.30.

Short term there are and will be pressure on the SP because of investors that were hoping for
a bump if retail would have been sold.

The board took the right decision to keep them.tomorrow we will see the stock go down again
on ex-div. but it will be forgoten when the SP reflects the high free cash flow and high profitability
of it's long life assets
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