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

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Post by lifeisgood1010on Feb 13, 2024 12:50pm

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Post# 35877878

Net debt target.In late 1Q24

Reading a Desjardins recent research report on SU.
They say that they could reachtheir net debt target of c$12b in late Q1.
that's around the corner.

The company provided no timeline for when it expects to achieve its C$12b preliminary net debt target, triggering an acceleration of capital returns to 75% of FCF (from 50% currently), although we now believe this could be a late 1Q24 milestone based on current strip prices.

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