Most Canadian investors have heard of Suncor Energy Inc. (TSX: SU), Canada’s largest fully integrated energy company with a market capitalization of CAD$34 billion. The company is primarily focused on the development of the Athabasca oil sands in Alberta. Aside from extracting and upgrading raw bitumen into synthetic crude, the company refines crude oil into marketable consumer and commercial products like gasoline, diesel, jet fuel, and chemicals. Suncor also operates a vast storage, infrastructure, transportation, and retail network. With an eye on the future, SU is advancing its commitment to reducing greenhouse gas emissions by investing in low carbon technologies and wind power generation. With reserves exceeding 7.6 billion barrels of oil equivalent, SU is Canada’s dominant energy company.
Disclaimer: Palos Funds are shareholders of SU, XEG.
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