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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 Apr 10, 2024 3:24am
113 Views
Post# 35980549

RE:RE:RE:RE:RE:Hey, what's going on!

RE:RE:RE:RE:RE:Hey, what's going on!Have to disagree with you MRBB. By far my best investment in past 16 months is CNQ.no have bought and sold many times.

But for the two years preceding the last year I traded Tou often and probably made the most profit I have ever made from one stock in those two years. I did hold too much going into the past year, but I had and have confidence that my remaining shares will do extremely well. This is the best NG stock in the Canadian industry and has only lost in share price due to the NG price and of course the shorters/hedge funds. As NG recovers so will Tou and it will recover quickly . Huge great land position, good management , very few outstanding shares and almost no debt.

I like SU although I did take profit at $52.98. Early today rebought the shares I had sold in one account, but the othe Su shares were replaced with BMO, Enb and Trp. I think Su goes to $55 soon, but the world certainly could fool me. I think by this fall Tou is back to $80 (now over $66).

As far as dividends Su and Cnq have not come close to Tou's dividends over past 2 years. You have to add both special and regular dividends and you will soon see SU dividends considerably less. I really like SUs new CEO and I believe we will continue to see increased dividends. 
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