An update from Suncor Energy ( (TSE:SU) ) is now available.
Suncor Energy has filed its 2024 annual disclosure documents and announced the renewal of its Normal Course Issuer Bid (NCIB), allowing the company to repurchase up to 10% of its public float. This move is seen as an attractive investment opportunity and aligns with the company’s strategy to enhance shareholder value without impacting its long-term goals.
More about Suncor Energy
Suncor Energy is a leading integrated energy company based in Calgary, Alberta, primarily involved in the production of synthetic crude from oil sands. It operates in the oil and gas industry, focusing on the extraction, production, and marketing of petroleum and petrochemical products, with a significant presence in Canada and the United States.
YTD Price Performance: 7.19%
Average Trading Volume: 4,432,256
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $48.6B
For an in-depth examination of SU stock, go to TipRanks’ Stock Analysis page.