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 > Surmount

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Comment by matt2018on Apr 28, 2023 4:59pm

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Post# 35420111

RE:Surmount

I am assuming Total already approached Conoco about this 50% Surmont stake either before or after the Suncor offer as Total went ahead and made the deal.
When Conoco sold all their other Oilsands operations six years ago to Cenovus, they kept that 50% Surmont stake and its stayed at this 50% level since.
Would be great for Suncor to buy their 50% stake as well at some point.

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Canadian government to fund Electric Royalties portfolio property