Can solid opportunities still be found in the energy sector after what has probably been the best year anyone could have imagined? Yes. Suncor in particular, for example, seems to be successfully avoiding investor attention.
A basic overview
As always, I'll start with a basic overview. Suncor Energy $SU is a Canadian company that specializes in the production and distribution of oil and natural gas. The company was founded in 1919 and is headquartered in Calgary, Alberta, Canada. Suncor has extensive upstream operations in Alberta and also operates refineries and distribution networks in the US. Suncor also has interests in renewable energy projects.
Suncor is a company that has been posting steady earnings thanks to its extensive portfolio of mining operations. However, the company is exposed to several risks related to climate change and tightening regulations on fossil fuel extraction. Suncor also faces competition…