Suncor Energy: Is Energy Still a Good Play?

Suncor Energy: Is Energy Still a Good Play?

Suncor Energy (SU) (TSE: SU) is a Canada-based integrated energy company which is specialized in producing synthetic crude from oil sands.

The company also engages in the exploration, acquisition, development, production, and marketing of crude oil in Canada and internationally. It also markets and trades in natural gas, crude oil, byproducts, refined products, and power.

Suncor has experienced strong tailwinds this year from rising oil prices, as it has greatly outperformed the S&P 500. However, can the company continue this performance going forward?