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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.


TSX:SU - Post by User

Suncor Energy Inc > That's a lot of Teslas!!
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Comment by mrbbon Mar 11, 2024 3:41am
99 Views
Post# 35925769

RE:That's a lot of Teslas!!

RE:That's a lot of Teslas!!even at peak oil price year in 2022, Aramco PE ratio was only 17
The average SP500 PE is 20.2, that mean aramco PE of 17 at 100+ oil price year in 2022 was still undervalued compared to SP500.  For comparison Nvidia PE is 73.4 

You need to try harder to gaslight us

Donwaan wrote: United Arab Emirates Saudi oil giant Aramco on Sunday reported it made $121 billion in profit last year, down from its 2022 record due to lower energy prices. https://www.marketwatch.com/story/saudi-oil-giant-aramco-posts-121-billion-annual-profit-down-from-2022-record-3e904245?mod=home-page


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