Suncor IS an excellent company that used to outperform expectations. Syncrude always underperformed causing some buying opportunities at Syncrude. Suncor now has a controlling interest and has been transitioning to taking over operations at Syncrude. I looked up news on this and the latest I can find is Nov 2020 with a few other stories referencing the Nov 2020 news. I'm not sure why this hasn't been updated.
So during this time of decreasing share count one might assume a sale of production or a decrease of production. Nope. Other than the pandemic year production has been increasing - just not as quickly as management and analysts thought it would. Even with the significant challenges this past few years production still is almost 700,000 barrels per day (the same as 2019 level), the share count and debt levels are substantially lower yet the stock price is WAY below the level it was in 2019.
One thing that is baffling about Suncor is their lack of promotion. Their website contains quarterly results but no real investor presentation on company guidance - note my charts didn't come from Suncor but from other sources. They SHOULD promote these things.
I reduced exposure to Suncor when the market was giving them no love and when I heard about the challenges with the maintenance. It ended up working out. I know that I need to reallocate some money back that direction as I agree with doom, Nuttall and many others that this is seriously undervalued. What to sell, what to sell? Good problems to have.