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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 Nov 02, 2023 7:02pm
131 Views
Post# 35714799

RE:RE:Suncor 3rd Q numbers guess

RE:RE:Suncor 3rd Q numbers guessMarty....with all due respect....

The valuation metrics for SU have been established for a very long time.  For analysts on The Street, calculation of SU earnings isn't that hard and in fact many here with much less training and experience have pretty much nailed the number long before a Q report comes out.

Your suggestion of a 50% increase in the SP is nothing short of a pipe dream.  For any SP to go up that much would require something totally unexpected.  Short of oil prices going up 50% due to an oil embargo (unlikely), there is NO catalyst for your price projection to become a reality.
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