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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 integrity11on Mar 22, 2024 12:11am
114 Views
Post# 35946368

RE:Integrity

RE:IntegrityThanks for the clarification Noblehouse. I totally agree with you/Experience  on never getting married to a stock, although I must admit I rode a few down to 0 in the past. My biggest investment by far in last 1 1/2 years has been CNQ. I have bought and sold it 8 times in 15 months . Probably my best investment with maybe TOU following close behind although not great in last 12-18 months. I liquidated CNQ two weeks ago a little early but still very happy. I will liquidate SU when it reaches my target or close to it,

I am 72 and have been extremely fortunate in my oil and natural gas investments since the summer of 2020. I did have some poor years under Trudeaus first 5 or 6 years.

After some good fortune in oil and NG stocks I diversified into BMO, CM, Enb and Trp in late fall and January 2024. I am very pleased with these 4 although I have now sold my CM. Dividends have been good in all 4, and a decent capital appreciation as well.

my only NG stock is now TOU, which for obvious reason is not doing well right now. This is the only stock I plan to keep long term as I am a huge believer in its potential.  I hope I am right , but I forecast it will again be an $80 stock, likely close to when the Shell Kitimat plant is in-service.
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