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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 Obscure1on Nov 20, 2023 10:19pm
78 Views
Post# 35745681

RE:RE:RE:RE:RE:RE:Just Stop Oil Nutters

RE:RE:RE:RE:RE:RE:Just Stop Oil NuttersI found Integrity's post a little hard to believe so I checked the 10  year chart for SU.

On Nov 17, 2013 (closest date on the Max chart), SU was trading $37.96.  That means SU is up 22% over ten years. 

A quick check of TSLA shows that it is up 1849% over ten years.  Tesla is a world leader in future growth sectors including EV's, battery storage, and AI.  The concensus among analysts is that Tesla's earnings are expected to grow at 40% per year until the end of the decade. 

Meanwhile, SU is doubling down on oil where its only markets are the USA and Canada, both of which are doing everything in their power to eliminate the use of oil  Some experts say oil will experience peak demand this year while others say there still might be marginal growth through the end of the decade.

SU investors enjoy a 4.7% yield but should not be deluded into thinking that SU is a good hedge against inflation.  
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