Suncor Energy Inc. T.SU

It's been awhile

[Obscure1]

I thought I would drop in and spread a little sunshine on a red day for SU

Let me think.............

Nope, there isn't any good news for SU shareholders.  

In the past, the world events would have pushed the price of oil up tens of dollars per barrel. The primary news event has been the Houthis disrupting the Red Sea.  Companies that supply Europe have had to reroute their cargos around the Cape of Good Hope.  The adjustment adds costs and has delayed shipments by about two weeks.  

While the market is being "told" by the press that demand for electric vehicles is waning, the exact opposite is the truth as demand continues to expand in the US along an exponential curve.  What is true is that Americans/Europeans/Chinese consumers won't do is buy crappy EV's that are over-priced.  Continued EV adoption is inevitable as battery prices (bar far the most expensive part of EV's) will drop another 40% in the next two years.  The moment the US opens its borders to well made Chinese EV's at much lowew prices than ICE vehicles, the legacy auto industry is done.  

SU might be able to keep selling oil in one form or another but the demand for its gasoline is going to keep dropping.  What happens to all those Petro Can and even CT sales of gasoline?  Unless SU can retool its 4 refineries to produce products that will be in demand, what is the valuation going to be for the refineries going forward?  

Does anyone here have an alternative explanation for why SU is trading under $43 per share when the cash flow numbers support a high $50's target?

[Marty47]

Well suncor will be fine , first it's no longer in the red and we won't see ev all over as they are not practical for many , suncor in the long futur will have charging station and make tons of $$$ with their food court because people will wait hours to filled up their ev , suncor will sell his oil to African to fill up all their gaz guzzler we will ship them plus the ones they keep

[newtonboy]

Obscure: 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