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    SU   CA8672241079

SUNCOR ENERGY INC.

(SU)
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Oil Sands Alliance to focus on industry sustainability, advancing net-zero ambitions

01/14/2022 | 04:11pm EDT

CALGARYCanada's largest oilsands companies have formed a new advocacy group called the Oil Sands Alliance.

The new group was established Jan. 1 and is made up of Suncor Energy Inc., Cenovus Energy Inc., Imperial Energy Ltd., Canadian Natural Resources Ltd. and ConocoPhillips.

These companies are also part of the Oil Sands Pathways to Net Zero alliance, a group of oilsands companies that have publicly pledged to work together to reach the goal of net-zero greenhouse gas emissions by 2050.

Pathways to Net Zero director Al Reid says the specific opportunities and challenges facing the oilsands industry requires the specialized focus of its own industry group.

He says oilsands companies will continue to remain active members of the Canadian Association of Petroleum Producers (CAPP), the country's largest oil and gas lobby group.

It is not known if the new Oil Sands Alliance will be engaged in lobby work. Reid says the organization is focused on developing its overall structure, with more details to be announced in future.

This report by The Canadian Press was first published Jan. 14, 2022.

Companies in this story: (TSX:SU, TSX:CVE, TSX:CNQ, TSX:IMO)

© 2022 The Canadian Press. All rights reserved., source Canadian Press DataFile

Stocks mentioned in the article
ChangeLast1st jan.
CANADIAN NATURAL RESOURCES LIMITED 0.92% 84.07 Delayed Quote.55.85%
CENOVUS ENERGY INC. 0.32% 28.18 Delayed Quote.81.11%
SUNCOR ENERGY INC. 0.18% 50.56 Delayed Quote.59.46%
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Analyst Recommendations on SUNCOR ENERGY INC.
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Financials
Sales 2022 60 357 M 47 215 M 47 215 M
Net income 2022 11 051 M 8 644 M 8 644 M
Net Debt 2022 9 921 M 7 761 M 7 761 M
P/E ratio 2022 5,43x
Yield 2022 3,84%
Capitalization 71 535 M 55 959 M 55 959 M
EV / Sales 2022 1,35x
EV / Sales 2023 1,51x
Nbr of Employees 16 922
Free-Float 99,0%
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Suncor Energy Inc. Technical Analysis Chart | SU | CA8672241079 | MarketScreener
Technical analysis trends SUNCOR ENERGY INC.
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 20
Last Close Price 50,56 CAD
Average target price 52,84 CAD
Spread / Average Target 4,51%
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Managers and Directors
Mark S. Little President, Chief Executive Officer & Director
Alister Cowan Chief Financial Officer & Executive Vice President
Michael M. Wilson Chairman
Bruno Francoeur Chief Transformation Officer
Eira Margaret Thomas Independent Director
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