by Tim Schäfer, Euro on Sunday
The group covers the entire value chain from production through processing to retail sales. In addition, Suncor operates four refineries with a combined capacity of 460,000 barrels per day, Canada’s largest ethanol facility, wind farms and a network of more than 1,500 retail and wholesale stores.
The dividend and the valuation are attractive with a single-digit win multiple. In the second quarter, the surplus jumped from $868 million to around $4 billion. The Canadians have sold their Norwegian oil business for 410 million Canadian dollars. They are also looking for buyers for their wind and solar parks. The aim is to simplify the company structure in order to become more flexible.
Industry: energy
Headquarters: Calgary, Canada
market value: €45.4 billion
Tim Schaefer is a journalist and has been writing about the stock market, stocks and companies since 1998. The graduate business economist and DVFA stock analyst has lived in New York since 2006 and reports from there on events on Wall Street, including for Euro am Sonntag. Schäfer is known for his reports on small second-line stocks.
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