Suncor Energy: Improving Operations, Growing Free Cash Flow And Reduced WTI Breakeven

Artisan Partners100 FollowersFollow5ShareSavePlay(6min)CommentsSummarySuncor had a great operating track record. The structure of its assets, both upstream and downstream, mirrored some of the advantages embedded in Imperial Oil.Given the massive decline in oil prices during the pandemic, we had an opportunity to average down at even more attractive prices.Suncor's share price increased by 30% in 2025 and now sits at more than twice the average price paid by the portfolio when we first built our position in 2020.

Marvin Samuel Tolentino Pineda/iStock Editorial via Getty Images The following segment was excerpted from the Artisan International Value Fund Q4 2025 Commentary. Suncor Energy (SU) is a Canada-based oil company. We have little interest in commodity producers unless the companyThis article was written byArtisan Partners100 FollowersFollowArtisan Partners is a global investment management firm that provides a broad range of high value-added investment strategies in growing asset classes to sophisticated clients around the world. Since 1994, the firm has been committed to attracting experienced, disciplined investment professionals to manage client assets. Artisan Partners’ autonomous investment teams oversee a diverse range of investment strategies across multiple asset classes. Strategies are offered through various investment vehicles to accommodate a broad range of client mandates. This site is intended for use with US institutional investors which includes corporate and public retirement plans, foundations, endowments, trusts and their consultants. Note: This account is not managed or monitored by Artisan Partners, and any messages sent via Seeking Alpha will not receive a response. For inquiries or communication, please use the firm's official channels.