RE:A must watch video for every investor IMO i have only glanced at this post of your, and also have not read subsequent posts yet for me make this short post on highlighted (red) point of your
So you believe the market is always right? Using tesla as example, TSLA share price were in the doldrum for 10 years (2010 to 2020) since IPO even though tesla made marked improvement yearly, then suddently the market woke up. Even now, tsla is growing +50% yoy but amzn, meta, goog, netflix, MS have broader marekt ownership.
If the masses are always right, why did some 85% to 91% (statistic varies according to sources) took the covid jabs, which to me clearly a suicidal chemical junk with no known antidote for vaccine ADR?
COVID-19 Tracker Canada - Vaccination Tracker (covid19tracker.ca)
You see, science can fool people because most people don't have real science background. When they listen to 'expert' trust the science without doing some research legwork, they really trusting political science or the superficial science. ( i did posted some off topic covid vaccine warning here, and got banned by FB in many instances so i stop)
What tony seba presented are very convincing, and largely factual and i don't dispute fact. It's easy to sell a scenario laced with some science to non-science person. However, a real science based person could see the hidden tibit flaws (unintended) and would not apply his analogue so easily from 1 'S' curve trend to another emerging trend.
I'll stop here as i haven't yet read the rest of other people's posts yet.
BTW, beyond meat crashed, and people still much prefer real steaks.
more BTW, battery vehicle isn't new technology, first battery car invented in 1859 while first gasoline car came into scene in 1875. It is obvious ICE is superior to the battery car for 147 years so far :D :D
Obscure1 wrote: Let me start with my apologies:
* Stephen Mark Ryan, the creator of the video is obnoxious and vulgar
* The video is about Tesla but the content has implications for all companies
* The video is more than 30 minutes long and drags from time to time and will probably offend you
Now for the reasons to watch it:
* Tony Seba (the creator of the content of the video) has absolutely nailed the concept of innovation and adoption rates
* After watching the video, you will understand that innovation happens exponetially in the form of a "S" curve as opposed to linear adoption. That is why the so called experts (anaylysts, organizations such as the IEA etc) get it massively wrong year after year
* While the adoption of new innovation happens in the form of an "S" curve, the rate that the old technology that is being replaced also happens in the form of a reverse "S" curve.
* The net result for established existing companies or industries that don't respond to innovation in time is that they become extinct.
* The process takes about 20 years, but the bulk of the change happens in about ten years.
Why do I bring this up on a Suncor thread?
SU bought out Teck's minority interest in Fort Hills this week. Based upon the selling price and the asset write downs for both Teck and Suncor, one would have to surmise that Tech basically gave it away.
That should be great for Suncor. Right?
Then why did the street punish Suncor. Maybe punish is too strong a word. However, if the deal was such a steal for SU, why was the SU share price dropping after the announcement when the price of oil popped up?
The explanation from the street for SU's poor share price performance was due to the size of the writedown. That's true. However, why was the selling price so low in the first place when the price of oil is so high. I think the video will help why.