Cardinal Update – Feb 2022

Sunny Days for Suncor – After a dismal 2020, Suncor Energy is on the move. The Calgary- based company was hit hard early in the pandemic – even being dethroned by Canadian Natural Resources as Canada’s most valuable energy company – but it has rebounded significantly since
then along with rising oil prices.  Suncor shares returned 54 per cent, including dividends, in 2021 and it increased its dividend by 100 per cent, returning it to pre-Covid levels.

Company Focus: NOVARTIS
Novartis is one of the world’s largest pharmaceutical companies and its product portfolio is diversified across growing treatment areas such as oncology, cardiovascular, immunology and neuroscience.

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