Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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 newtonboyon Feb 05, 2024 3:05pm
158 Views
Post# 35863726

RE:It's been awhile

RE:It's been awhileObscure:
Thanks for spreading the sunshine.
Continued EV adaptation may be inevitable but the increased use and demand of ICE vehicles will increase as well. For the past 25 years my wife and I upgrade our ICE's when the factory warranties expire, every 36 months. This practice minimizes maintenance costs to oil changes and perhaps a windshield or two plus keeps us older folks in tune with any new technology offered. Annual km's for two vehicles are around 15k which would make EV or at least hybrid vehicles a good fit for our needs. Now IF we do decide to go this route our existing ICE units will not be retired or taken off the roads. They will find new owners who will likely use them for the next 10 years. Your comment of " when the Americans open their borders to well made Chinese EV's, the legacy auto industry is done" is an oxy-moron statement cause the word well- made and Chinese should not be used in the same sentence.
As far as Suncor retooling their existing refineries to products that will be demand, oil will always be in demand, long after all of us become fossil fuel. Yes as long as North American borders remain open OG consumption will increase proportionally. As far as low SU and others recent moderate share prices keep in mind what lies in store this November. It is what it ain't...
<< Previous
Bullboard Posts
Next >>