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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

Comment by Experiencedon Feb 14, 2023 7:23am
217 Views
Post# 35284605

RE:RE:Getting Back to First Principles

RE:RE:Getting Back to First PrinciplesA couple of comments....

1....if all you want/need is a 5% total return each year there are safer and less risky investments

2....it is not clear that SU has decades of production at the current level since they require environmental approval for the base plant extension in less than 10 years or else their production level will fall.  In the current political environment this approval will be a challenge.  They have been working on this approval for years and the fact that they bought the Teck share of Fort Hills suggests that they have a low confidence level of getting that approval.

All that said, enjoy your time down south!!
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