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
22 January 2025
The return of Donald Trump gives further evidence of ‘big oil’ as an investable asset, with the only question being whether anyone is really surprised
21 January 2025
The new president must put his cards on the table and tell the American people, and the world, if the US is formally abandoning the energy transition
20 January 2025
Country offers to boost gas exports to Europe to 10bcm/yr, but serious questions remain
20 January 2025
The country’s oil and gas giant, KazMunayGas, is pushing ahead with a series of significant international partnerships
