Suncor has lagged the TSX energy index by almost 40pc
Suncor getting back on track
New management looks to focus on oil sands firm’s core upstream and downstream business
Calgary-based Suncor Energy has undergone big changes since coming under siege by Elliott Investment Management in April 2022, having conceded to most demands of the US activist investor to unlock greater value for its long-suffering shareholders—including significant acquisition and disposition activity. Over the past five years, Suncor has lagged the TSX energy index by almost 40pc. Elliott had criticised Suncor’s management for years for missed oil sands production targets, high costs, a lack of asset focus, and employee fatalities and safety concerns—all stemming from what it said was “a slow-moving, overly bureaucratic corporate culture”. But Suncor appears to have turned the corner, ac
Also in this section
9 January 2026
While many forecasters are reasserting the importance of oil and gas, petrostates should be under no illusion things are changing, and faster than they might think
8 January 2026
Indonesia and Malaysia are at the dawn of breathtaking digital capabilities. Their energy infrastructure must keep up with their ambitions
8 January 2026
The next five years will be critical for the North Sea, and it will be policy not geology that will decide the basin’s future
8 January 2026
The region’s access to versatile feedstock, combined with policy support, is setting it up to meet growing demand both at home and abroad
