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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 Donwaanon Jul 05, 2024 3:41pm
181 Views
Post# 36120367

Playstocks Mid Day Market Report

Playstocks Mid Day Market ReportSuncor Energy, a leading integrated energy company in Canada, offers a compelling investment opportunity due to its diversified operations across oil sands, refining, and renewable energy. Suncor's commitment to operational excellence and cost management enhances its profitability even in volatile market conditions. The companys significant investments in sustainability and technology aim to reduce its carbon footprint and increase efficiency. Suncor's strong cash flow generation supports a competitive dividend yield and ongoing investments in growth projects. As global energy demand recovers, Suncors strategic positioning and resilient business model make it a promising investment. The stock at $38 is not far off from testing andperhaps breaking significant resistance around $42.
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