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Suncor Energy Inc. T.SU

Alternate Symbol(s):  SU

Suncor Energy Inc. is a Canada-based integrated energy company. The Company's segments include Oil Sands, Exploration and Production (E&P), and Refining and Marketing. Its operations include oil sands development, production and upgrading, offshore oil and gas production, petroleum refining in Canada and the United States and its Petro-Canada retail and wholesale distribution networks, including Canada’s Electric Highway, a coast-to-coast network of fast-charging electric vehicles (EV) stations. Petro-Canada has a network of over 1,800 retail and wholesale locations across Canada, providing customers with a wide variety of fuel and service offerings including low-carbon fuel options. It is developing petroleum resources while advancing the transition to a low-emissions future through investment in power and renewable fuels. It also wholly owns the Fort Hills Project, which is located in Alberta's Athabasca region, approximately 90 kilometers north of Fort McMurray.


TSX:SU - Post by User

Comment by Experiencedon Jan 16, 2023 5:26pm
191 Views
Post# 35226621

RE:RE:E V

RE:RE:E V
meritmat wrote: Yup 

You start forcing people to buy one thing there's going to be push back.  The Republicans win the presidency and they will crush the EV industry 

I got no problem with EV vehicles but don't force me to buy one.  Hybrids on the other hand.  I would look at one 
Agreed

History has shown over and over again that when Governments try to monkey around with the business ecosystem instead of letting natural forces do their thing that Givernments mess things up at taxpayer expense.

As people who follow my posts know, I have an order in for an Ioniq5.  The reason for the purchase is simple economics based on my particular driving requirements and patterns.....no need for a subsidy.  For others and their requirements the math may not work and an ICE is the best choice.

That said, I do believe that over time, EVs will naturally displace ICEs as battery technology improves and there is greater infrastructure to support EVs.  This in turn will benefit electricity producers over oil producers and this why I am more heavily weighted towards electricity producers whose SPs have declined due to higher interest rates and providing more attractive buying opportunities.

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