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 > TotalEnergies CAVES: Suncor Gets 100% Fort Hills For C$ 1.5B

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Comment by Clemxb7on Oct 04, 2023 5:08pm

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Post# 35669861

RE:TotalEnergies CAVES: Suncor Gets 100% Fort Hills For C$ 1.5B

The deal on its face is really positive for Suncor's future. They can pay for this just out of cash flow in one or two quarters.

I haven't seen any mention of assuming any tax credits. If they get tax credits too then they almost got this for free. However that sounds too good to be true.

Suncor definitely won this deal. Considering Fort Hills cost $18 billion dollars to build they're picking up this remaining slice for pennies on the dollar.

I'm happy.

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