RE:RE:RE:RE:RE:RE:RE:RE:Now we are getting somewhereI agree with you 100% NPC. The transition is going to be messy and lengthy.
The street is beating everyone in the industry down which is going to eliminate the weak. SU, as a low cost producer with minimal need for CAPEX is going to get stronger and stronger with tremendous cash flows coming its way.
I don't see SU buying up mature renewable companies as the competition for those entities will likely be very aggressive and result in exhorbitant prices.
I can see SU working with both provincial and federal agencies to get funding and support for Canadian technology start ups. Governments assisting in our dirty oil companies becoming world leaders in net zero emmissions and would make for great press and create jobs.
I can also see private funding via an investment by an ESG friendly fund. For example, I can just picture Larry Fink smiling ear to ear as he is featured as the Man of the Year on the cover of Time magazine for Blackrock's efforts to save the planet by cleaning up the energy industry. As the industry leader in ESG investing, and controlling over $7 trillion in managed funds, an investment in SU would be a bread crumb. Fink could than set things in motion by simply moving a few pieces of the puzzle around.
While the idea of an ESG fund investing in dirty oil may seem crazy to some, if you take a step back, the idea makes a ton of sense. Given that SU is a cash cow, Blackrock or any other fund could easily justify the investment and it wouldn't be difficult to spin the story. Impossible? Not at all. When the oil industry was on top of the world in 2014, did anyone predict where we would be just a few short years later?