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An integrated energy company, which explore for acquire, develop, produce and market crude oil and natural gas, transport and refine crude oil and market petroleum and petrochemical products.
Suncor is an excellent long term investment. However, recently the stock has gotten way ahead of itself. SU has great asset reserves but is a high cost operator. They need high oil prices to remain competitive. Any short term run up in oil (now $63) will help them, yet any test of the recent lows ($50) will hit them harder than their peers. Great stock but poor time to buy it.
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