Suncor Energy (SU) has notable insider buying

Suncor Energy (T:SU)

Suncor Energy Inc. (SU) has below median officer and director direct ownership compared to its large-cap peers in the market, based on our estimate using SEDI data. Arlene Joyce Strom, a Senior Officer, acquired 10,000 Common Shares on a direct ownership basis at a price of $38.635 through the public market on May 17th, 2023. This represents a $386,348 investment into the company's shares and an account share holdings change of 74.4%.

Suncor Energy Inc. is a Canada-based integrated energy company. The Company's segments include Oil Sands, Exploration and Production (E&P), and Refining and Marketing. The Oil Sands segment includes the Company's owned operations in the Athabasca oil sands in Alberta to explore, develop and produce bitumen, synthetic crude oil and related products. The E&P segment includes offshore activity in East Coast Canada, with interests in the Hibernia, Terra Nova, White Rose and Hebron oilfields, the exploration and production of crude oil and natural gas at Buzzard and Golden Eagle Area Development in the United Kingdom, and exploration and production of crude oil and gas at Oda. The Refining and Supply operations segment includes refining crude oil and intermediate feedstock into a wide range of petroleum and petrochemical products. The Corporate and Eliminations segment includes the Company's investments in renewable energy projects and other activities.