HFA Icon

Suncor Energy Churning Out Cash For Investors with 34 Year Reserves

HFA Padded
Rupert Hargreaves
Published on
Updated on
Sign up for our E-mail List and Get FREE Access to Exclusive Investment E-books and More!

This week it was announced that legendary value investor Warren Buffett had taken a relatively small ($500 million) position in oil sands producer Suncor Energy Inc. (NYSE:SU) (TSE:SU). While this announcement attracted much speculation and indeed anger over environmental issues, Suncor is in fact just a good old value play.

Suncor Energy Churning Out Cash For Investors with 34 Year Reserves

First a quick overview of Suncor Energy Inc. (NYSE:SU) (TSE:SU), the company is a vertically integrated oil producer, producing oil from oil sands (377,000 bbls/d) and offshore fields internationally (134,000 bbls/d). The company has refining...

Login required to continue reading.

Setup a free account to get access to this article (no credit card required).

View Full Article
Already a member? Log in here
HFA Padded

Sign up now and get our in-depth FREE e-books on famous investors like Klarman, Dalio, Schloss, Munger Rupert is a committed value investor and regularly writes and invests following the principles set out by Benjamin Graham. He is the editor and co-owner of Hidden Value Stocks, a quarterly investment newsletter aimed at institutional investors. Rupert owns shares in Berkshire Hathaway.Rupert holds qualifications from the Chartered Institute For Securities & Investment and the CFA Society of the UK.Rupert covers everything value investing for Hedge Fund Alpha