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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 Jun 28, 2024 8:53am
79 Views
Post# 36110406

RE:RE:RE:RE:The Great Debate

RE:RE:RE:RE:The Great DebateMarty...the only way he will be replaced at this point in time is if they have an open convention where Biden says he will step down and the backroom "boys" have picked someone to be nominated at the convention.  For this to happen, Biden himself has to decide to step down.  From discussions I have had with my American friends who are politically connected, it seems like it is Biden himself that doesn't want to step down.  The Obama "wing" of the party are really angry about that.  They also feel that Biden has sold out to the radicals in the Party (coming from Obama that says a lot...lol).

While it is still doable for the Dems to have someone other than Biden run, it is a 'heavy lift" to get someone to then get the necessary groundgame in place.  The other big issue is the simple question of who would run instead of Biden.  The fight for this could cause ruptures in the party which could spell disaster in November.  For example, the Sanders/Warren wing of the party don't want Newsom and it's not clear who the Obamas favour.

The other thing I am looking at is that if the Dems try to sell Biden as a "team", given all the screwups at the border and the Afgan disaster etc that would be a tough sell.

It's going to be really interesting to see how this plays out.

But again as an investor I am looking at this from the perspective of whether there are any investment implications and if so determining what I am going to do about it.
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