Comparative Analysis of Suncor Energy and Enbridge Inc.

Running head: INTRODUCTION TO BUSINESS
Introduction to business
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1INTRODUCTION TO BUSINESS
Table of Contents
Introduction................................................................................................................................2
Comparative analysis.................................................................................................................2
Conclusion..................................................................................................................................4
Reference....................................................................................................................................5

2INTRODUCTION TO BUSINESS
Introduction
Suncor Energy is the sustainable and unique energy entity that is dedicated to the
vigorous growth in the worldwide market that is achieved through exceeding or meeting
changing expectations of existing as well as potential shareholders. The entity belongs to the
oil and gas industry and is involved in marketing, exploration and development of natural gas
and oil. Primary activity of it is to mining and crude oil extraction from the deposits of oil
sands (Suncor.com, 2019). It is the 1st company to produce the crude oil commercially from
the oil sand of Alberta and over the period of last 4 decades it has become the major marketer
and energy producer of North America. Being globally competitive, it has balanced portfolio
with strong balance sheet, high quality assets and prospects of significant growth
(Suncor.com, 2019).
On the other hand, Enbridge Inc. is the North American leader in with regard to
distribution, energy transportation and associated services. It operates the longest system of
liquid pipelines and crude oil in United States and Canada. Being the energy distributor, it
operates and owns the largest entity for gas distribution in Canada and plays vital role in
generation as well as distribution of electricity. It looks into the future with the motive of
moving to additional utilities of water and utilities (Enbridge.com, 2019).
Comparative analysis
Canada is the most proven natural gas and oil reserves country in the globe. Suncor
Energy is in midst of revamping various business operations for boosting efficiency and
productivity. Further, the entity announced that towards the end of previous year the
production had increased by 10%. Despite the headwinds from the Alberta government said
growth of Suncor is taking place owing to its new production facilities. On the other hand,