Suncor (SU) 2011 Review

Suncor Energy (SU) explores, acquires, develops, produces and markets crude oil and natural gas from (Canadian) oil sands, refines crude oil and markets petroleum and petroleum products.

SU has grown profits at a 19%+ rate over the past ten years, while raising its dividend at a 14% rate. The company’s varied dramatically ranging from 4% to 24%. SU experienced a fall off in profits during the recent economic down turn but should see future growth as a result of :

(1) the benefits from its merger with Petro-Canada. The combined entity will possess the largest oil sands resource, the strongest downstream asset base, the most solid exploration and production in Canada plus improved organizational skills and a superior balance between up stream and down stream operations,