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Bullboard - Stock Discussion Forum
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.
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TSX:SU - Post Discussion
Suncor Energy Inc
> Biting the Hand…
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(78)
•••
newtonboy
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Post by
newtonboy
on Aug 14, 2023 9:00pm
Biting the Hand…
"Portfolio optimization.
Completed the sale of the U.K. E&P portfolio for gross proceeds of $1.1 billion, resulting in a gain on sale of $607 million ($607 million after-tax)."
lf I am reading this correctly looks as if Suncor paid for a lot of what the Feds are spending to promote the demise of fossil fuels. Ironic...
(120)
•••
meritmat
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Comment by
meritmat
on Aug 14, 2023 9:12pm
They dumped some worthless renewables. Stick to what you do best boys and keep pumping that black stuff
Thank You
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