Suncor Energy Inc. T.SU

Alternate Symbol(s): SU

Energy Oil & Gas Integrated

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.

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Suncor Energy Inc. > JP Morgan analyst cuts target for SU from C$35 to C$34

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Comment by NPCexeon Jul 11, 2021 9:00am

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Post# 33527505

RE:RE:RE:RE:RE:RE:JP Morgan analyst cuts target for SU from C$35 to C$34

I'll bet you anything that you'll never have to get rid of your gas unless you personally have a vendetta against it. If no one can afford the gas, then certainly no one will afford geothermal. You think all these coop homes are gonna be retrofitted with geothermal? XD that would be quite something

Tommy123 wrote: The question is, will there be a case for oil and gas once the carbon tax is $170 a tonne in a few years (assuming Trudeau wins). I know I'll be buying an EV, getting rid of my natural gas furnace, and not flying anymore.

Co2Harvest wrote: Some may find this article interesting. Lyn offers her thoughts on why Geothermal hasn't achieved widespread usage but that's just a small portion of a comprehensive look at the broader energy industry and how there still may be a strong case for oil and gas: https://www.lynalden.com/oil-and-gas/

Tommy123 wrote: No, natural gas still emits carbon. No one will be using natural gas when the carbon tax is $170+ a tonne, unless they hate money. I'm personally looking to alternative options to heat my home, including geothermal.

firstworld wrote: The transition to green energy is ten times more carbon intensive than sticking to fossil fuels as Germany has proven having transitioned 30 years ago losing nearly a TN in the process. Anglos so far behind leading nations it's comical just look at ON where $200 BN lost in the FIT. Stupid Canadians....just use the natural gas idiots

Tommy123 wrote:

Marner16 wrote: EOM

That's far too optimistic a price target. With oil declining, I want to see them transition to green energy before I buy.