Post by
lifeisgood1010 on May 21, 2024 2:11pm
Base plant
These guys know what they have to do and will not act impulsively to replace the base plant.
They know that have a lot of time and in the mean time this meansa lot of free cash flow to increase the dividend and share buyback.
Fund managers who are under performing because of not wanting to invested in this sector will have to change their mind or miss out on a sector that is growing it's dividend payout at the same time of growing it's earnings.
You know the last line...
Staying long
CALGARY — Suncor Energy Inc. says it will be more than five years before it makes any significant investments to secure additional bitumen supply to replace output from its Base Plant oilsands mine.
The Calgary-based company has been exploring options to sustain the supply of thick, sticky oilsands crude to its Base Plant upgrading facilities north of Fort McMurray, Alta.
The company's Base Plant oilsands mine is expected to be largely depleted by the mid-2030s.
To solve its supply problem, Suncor has proposed a new, 225,000 barrel-per-day, open-pit oilsands mine expansion, but it is unclear whether such a project would receive the go-ahead from regulators.
They said investors should not expect significant spending on this front until the end of the decade.
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