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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. The Company 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

Post by Obscure1on Apr 23, 2023 5:44pm
547 Views
Post# 35409604

Cybertruck vs Ford F150

Cybertruck vs Ford F150I'm not a fan of the look of the Cybertruck, but the vehicle now has1.7 million pre-orders.  I believe that  the 2nd largest pre-order size ever for any new vehicle was 400,000.  Therefore, somebody must like the Cybertruck. 

Who knows how many cancellations will take place when it comes time for people to write the cheque, but I believe that with Tesla will continue to drive down their costs and retail prices.   

The one piece body of the Cybertruck saves hundreds of parts and thousands of in-plant operations. 

The Cybertruck doesn't require paint which saves about $3,500 per vehicle as well as saving nearly a billion dollars of CAPEX because it doesn't require a paint shop. 

Telsa has zero marketing costs (saves about $2,500 per vehicle.

Tesla doesn't pay dealers which saves about $2,500 per car but in the case of trucks while GMC and Ford have been gouging their truck customers to the tune of $10,000 to $20,000 per truck above sticker prices on top of the huge profit margins built into Ford and GMC trucks.  

When you throw in the US$7,500 government incentive for EV's (up to $15,000 in California) but only $5,000 in Canada (plus $8,000 for buyers in Quebec and $4,000 for buyers in BC), the math becomes over whelming.  

In regards to the Cybertruck not being for contractors, as the former owner of a contracting company that bough many pick up trucks, I have to disagree. 

Cybertrucks: 

* won't dent
* won't rust (which is huge for contractors)  
* shatterproof windshield and windows 

Cybertruck vs Ford F150

* Ford payload 1,800 (up to 3,250 on higher priced models) ....Tesla 3,500 lbs
* Ford towing capacity 8.200 lbs (up to 14,000 on higher priced models)...Telsa 14,000 lbs
* Ford 22 mpg combined.......Tesla 210 mpg combined
* Ford 2x per year oil changes....Tesla no oil changes
* Ford scheduled tune ups....Tesla no tune ups
* Ford maintenance or brakes is much higher (I can't find the #s) that Tesla's regenerative brakes
* Ford: new model every year..Tesla: over-the-air updates (weekly) keeps every vehicle brand new
* Tesla's are the safest vehicles in the world

There is a lot of mis-information on the internet about many things, but the FUD (Fear, Uncertainty< Doubt) campaign that the legacy auto makers have waged against EV's has been incredible. 
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