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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

Comment by mrmomoon Apr 28, 2023 7:30am
110 Views
Post# 35418647

RE:View of the Acquisition by the Bond Rating People

RE:View of the Acquisition by the Bond Rating PeopleJust a few thoughts Experienced. Though i agree with you that having a "diverse" point of view on a certain investments/developments is a prudent course of action, the "professionals" you speak have aren't as "unbias" as you believe and they have their own agendas/motives when assessing companies/srocks or any other entity. Specifically those bond rating agencies like Fitch, Moodys & S&P. They ALL  have their proper agenda and reasons for rating the way they do. So i personally would NOT put too much faith or weight in what THEY say.

I could name countless situations when these "agencies" gave "excellent" ratings to certain instruments/corporations/events and then those same :"entities" falied miserably not long after. A great exampe of this type of nonsense was during the GFC. There's NO better comparison, example, teacher OR LESSON than that unfortunate event which those agencies had failed so many.

Mt advice in regards to what they say, there's no harm by listening and taking in what they preach, and incorporating that with OTHER POV as well as your own assessment, to formulate an overall opinion, as long as you aware of the biases/risks each one brings. But no one should NEVER put complete faith and/or weight in THOSE folks.....EVER. That's my 2 cents on this......

GLTA
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