Suncor Energy Inc. (NYSE:SU) Q4 2022 Earnings Call Transcript

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Kris Smith: Sure. Thanks, John. So what we’re doing with our — the retail business and outlined in Investor Day. We’re optimizing our national network. It is a mix of control and non-controlled. It’s about 50-50 just for round numbers. What we’re doing is we’re focusing our investment on high-volume, high-value sites in core markets. When we put those types of investments in place, we’ve seen terrific results within the network. While at the same time, we’re looking to optimize and rationalize those pieces of the network that are less core. And so that will be rationalizing non-performing sites as well as moving sites that are in non-core markets out of control and into the noncontrolled channel as well. And so that will allow us to focus our controlled network on those core markets in those high-volume sites. And so that plan is now underway. It’s a five-year plan that we laid out when we talked about it in Investor Day and the team is focused on delivering it.

John Royall: Okay. Thank you.

Kris Smith: Great. Thanks.

Operator: Thank you. I’ll now hand the call back over to Vice President of Investor Relations, Troy Little for any closing remarks.

Troy Little: Thank you, operator and thank you to everyone for joining us today. Please don’t hesitate to contact us should you have any questions. With that, operator, you can end the call.

Operator: Thank you for participating. This concludes today’s program and you may now disconnect.

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