Suncor Energy Inc. (SU)

Suncor Energy Inc., together with its subsidiaries, operates as an integrated energy company. It operates in three segments: Oil Sands, Natural Gas, and Refining and Marketing. The Oil Sands segment produces bitumen recovered from oil sands through mining and in-situ technology, and upgrades it into refinery feedstock, diesel fuel, and by-products. It offers light sweet crude oil/diesel and light sour crude oil/bitumen. The Natural Gas segment explores for, develops, and produces conventional natural gas, natural gas liquids, oil, and by-products from assets located in northeast British Columbia, and western and northwest Alberta. The Refining and Marketing segment refines crude oil into a range of petroleum and petrochemical products comprising jet fuels, diesel, and gasoline; produces ethanol for blending into fuels; and markets its products to industrial, commercial, and retail customers principally in Ontario and Colorado. It also transports crude oil on company-owned pipelines in Wyoming and Colorado, and engages in third-party energy marketing and trading activities. This segment also encompasses third-party energy marketing and trading activities, and provides marketing services for the sale of crude oil, natural gas, refined products, and by-products from the oils sands and natural gas segments. Suncor Energy sells its products in the United States, Canada, and Europe. The company was founded in 1953 and is headquartered in Calgary, Canada.

For the nine months ended 30 September 2006, Suncor Energy Inc.'s revenues increased 58% to C$12.04B. Net income totaled C$2.61B up from C$465M. Revenues reflect an increase in sales of oil sands due to increased production & sales volume, higher average price realization for oil sands & crude products and increased sales from Energy Marketing & Refining in Canada. Net income benefited from increased gain on disposal of assets.