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One of North America's most aggressive activist investors has set its sights on Suncor Energy Inc., seeking an overhaul of the company's board and management team, along with the possible sale of Petro-Canada.
Why Suncor Energy stock looks cheap today Suncor(TSX:SU)(NYSE:SU) is Canada’s largest integrated energy company with production, refining, and retail divisions. The balanced nature of the revenue stream with assets across the value chain has historically helped Suncor weather drops in oil prices better than its peers. The pandemic, however, is a new scenario. Oil prices plunged due to a crash in fuel demand rather than as a result of supply issues. Travel restrictions and work-from-home policies over the past year killed demand for jet fuel and gasoline. These are core products made by Sunc...