Suncor Energy Inc T.SU

Impressive Q2 Report

[matt2018]

when you compare yourself to largest valued energy company in Canada, CNQ.
Anytime your numbers measure up against the top company in the space has to be regarding as a successful QTR.  Well done Suncor.
Suncor vs CNQ
Net earnings ................... $1.88B  vs  $1.46B

Adjusted net earnings    $1.25B  vs  $1.26B
(per share)                          $0.96  vs  $1.15

Cash flows ...................... $2.80B  vs  $2.75B
Net Capex ........................$1.55B  vs  $1.67B
Returns to shareholders (divs & share buybacks)
$1.5B  vs  $1.5B

[integrity11]

Excellent review Matt. Great to hear a common sense review after reading the perennial negative posters with no vested interest in Su. I agree with your comments regarding Kruger and the potential purchase of the remaining 31% of Fort Hills. Imo the 3 players have beeen communicating since Conoco exercised their option and I think the end result will see ConocoPhillips  with all of Surmount

[matt2018]

unfortunately Oil is selling off from the bad news out of China otherwise I believe SU would be up substantially today with this report. But one trading day does not matter in the big picture. If you are greedy like myself, its a good time to nibble at a few more. Fact is this mgmt showed they could make good money in what was a period of low Oil price and i believe they are just getting started