Suncor Energy (SU), not to be confused with Sunoco (SUN), is an
oil company that was founded in 1953, and is headquartered in
Calgary, Canada. Suncor has a market cap of about $70 billion,
and an enterprise value (equity plus debt minus cash) of around
$83 billion. The company has refineries, pipelines, specialty
lubricants, and gasoline outlets in Canada (under the Petro-
Canada name) and in the U.S. (under the Phillips 66 and Shell
brands). But the overriding reason why we have chosen Suncor as
our highlight is that it boasts strong and reliable crude oil
production from the Alberta oil sands region. Indeed, it is the
leading developer of these sands. The crude is of high-quality
bitumen, a commodity in demand since it requires less refining
than other tar-based crudes. Suncor expects to boost its oil
sands production at a 10% average annual rate over the next
decade, or so.  Like it or not, oil will likely continue to be
America’s primary energy source over the next 20 years, growing
annually by about 0.5%.