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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

Post by Obscure1on Apr 08, 2022 10:10pm
317 Views
Post# 34589904

One's real cost base

One's real cost baseClem brings up an interesting topic which is the perspective on one;s reference point cost base.

I agree that SU's divi is 8% on what I paid, but the reality is that history doesn't count with investments as today's price is the only relevant number. 

One's historical cost base can either be the source of joy or pain depending upon the current market but in reality, the cost base is irrelevant other than for tax consequences.

At this stage of my life, I can look at my inability to perform certain physical feats that I could do in the past or the fact that I'm now invisible to the pretty young girls as a source of sadness. Or, I can look at my current health and age as my real cost base and make decisions based upon looking ahead. 

The day when I no longer look forward will hopefully be the last day of my life.  If we treated our investments the same way, I think we would be all be better investors. 

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