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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 and gas production, petroleum refining in Canada and the United States and its Petro-Canada retail and wholesale distribution networks, including Canada’s Electric Highway, a coast-to-coast network of fast-charging electric vehicles (EV) stations. Petro-Canada has a network of over 1,800 retail and wholesale locations across Canada, providing customers with a wide variety of fuel and service offerings including low-carbon fuel options. The Company is developing petroleum resources while advancing the transition to a low-emissions future through investment in power and renewable fuels. It also wholly owns the Fort Hills Project, which is located in Alberta's Athabasca region, approximately 90 kilometers north of Fort McMurray.


TSX:SU - Post by User

Post by integrity11on Aug 07, 2024 12:32pm
343 Views
Post# 36167719

SU - Good Yr - up 29% plus 4% Div = 33%

SU - Good Yr - up 29% plus 4% Div = 33%Approximately 1 yr ago I added some shares at $41. Experienced commented the only way SU goes up is with a dividend increase (about a week before Q2 results). Well today about a year from that date SU shareholders can proudly say they have done well and the upside is still looking very good. Since Q2 results were released there have been two forecasts released , BMO at $62 and Jefferies at $62 which are approx 22% higher than todays current $54.10 trading price. So the share price has gone up 29% in last year plus we received a 4% dividend for a return of 33%. Yes there are higher returns, but this is an excellent return by a very good company. No one knows where the world is going or the markets, but for now SU is a great investment. I recently bought back into CNQ as like SU another excellent Cdn company. My one not so good oil & NG investment in TOU ( and Cr) will also do well imo. Good fortune to all investors in our Cdn oil & NG companies.  We have many fine companies, but just need a new government so they can realize their potential.
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