This Big Oil Company Turns Its Greatest Weakness Into a Strength [The Motley Fool]
Suncor Energy Inc. (SU)
Last suncor energy inc. earnings: 2/5 07:15 pm
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Source: The Motley Fool
Instead of being a victim of low Canadian oil prices, Suncor Energy takes full advantage of the situation with its integrated business model. Every part of the oil and gas business has its strengths and weaknesses. For Canadian oil sands producers, they benefit from oil sands being a long-life oil source that doesn't need a lot of money to maintain production for decades. The downside is that Canadian crude oil is dirt cheap, so margins aren't as attractive. That isn't the case for Canadian oil giant Suncor Energy ( NYSE:SU ) , though, as its business model is geared to both insulate the company from cheap Canadian crude prices as well as exploit the situation for higher profits. The best way to see how this works is to go through Suncor's earnings results. So here is a brief overview of how Suncor turns the idea of cheap Canadian crude on its head and why investors concerns should be focused on something else. By the numbers Metric Q3 2018 Q2 2018 Q3
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News
- Here's Why Suncor Energy (SU) Gained But Lagged the Market Today [Yahoo! Finance]Yahoo! Finance
- Canada unions brace for 2025 labor crunch in oil sands maintenance season [Reuters]Reuters
- Suncor Energy Inc. (NYSE: SU) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
- Higher oil doesn't shake industry talk on spending discipline at CAPP conference [BNN Bloomberg (Canada)]BNN Bloomberg
- Higher oil doesn't shake industry talk on spending discipline at CAPP conference [Financial Post (Toronto, Ontario, Canada)]Financial Post
SU
Earnings
- 2/21/24 - Beat
SU
Sec Filings
- 3/27/24 - Form 6-K
- 3/22/24 - Form 6-K
- 3/22/24 - Form 40-F
- SU's page on the SEC website