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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

Post by Lawisfunon Feb 13, 2024 2:04pm
207 Views
Post# 35878050

Crazy to be selling at WTI > $75

Crazy to be selling at WTI > $75

SU is making FCF hands over fists at WTI above $75.  With share price falling it's just more shares SU you buy back using the ample FCF. 


Who the heck is selling SU at these levels?  Especially with the WCS-WTI spread improving in the next few quarters with TransMountain. 


BP refinery outage is temporary.


Seems crazy to me to be selling with all fundemtals so defendably strong. 


Kruger needs to hit a couple home runs with 2024 quarterly earnings announcements then maybe the market will show SU the respect this stock deserves. 

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