RE:RE:RE:Chevron buys Hess
Experienced wrote: esifor....there are number of reasons...
1......The SP of a company will relate to the PV of its future income. As I have ementioned before in many posts, on the oil production side, SU will not be growing and at best will simply keep its current production levels constant over time. There is a lot of scope for the acquistion of Hess to increase oil production over time and hence the PV of its future earning will be higher than that of SU.
2...Point 1 is is supported by the fact that SU will not be adding new refineries to its stable of assets and this is further compounded by the potential for EVs to reduce the sales of PC stations over time as there are more EVs on the road.
3...The current Government in Canada is not supportive of the oil industry whereas Guyana is a poor country and its Government is/will be doing whatever it can to create a favourable climate for investment in activities which will raise the standard of living.
Point #1
why holding production steady is a bad thing? You double talk of growing production is a good thing while saying EV gonna kill oil producers like SU, which is it?.
Point #2
have you ever glance at stockhouse abstract for Suncor? it's located at the top page whenever you are on SU forum. Let me copy and paste it for you. As a future/potential EV owner in canada, i thought you would know this.
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 conducts energy trading activities focused principally on the marketing and trading of crude oil, natural gas, byproducts, refined products and power.
Electric Highway
SU coverage is around every 250km, coast to coast. Sure it can be better but i'm sure SU is working on adding more charging stations.
Point 3
current gov't won't be around that much longer
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