Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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 mrbbon Dec 14, 2023 12:28am
77 Views
Post# 35783698

RE:RE:Short term vs Long term

RE:RE:Short term vs Long termIMO, it has everything to do with gov't (ESG score card) and marketing.  When  robin said he believe free charging might come around in 10 years, proving it's a marketing avenue, a business cost and not a cashflow component of their business. Similiar to free WIFI, free access to washroom, free parking offered from most retailers. 

I visit at loblaw superstore i lot, (becoz i do shopping more than for myself)  i think i saw only 2 tesla EV in the past 12 months in this particular parking lot. This is ~ 1% of the parked cars. I doubt any business would offer to sell sometime with ~ 1% customer demand, unless it's for other motives. 

The biggest selling feature of canadian tire is offering of auto parts for ICE vehicles. I bet CT doesn't have 1 EV replacement part in their inventory but yet they are offering EV charging. LOL, it's marketing of course and ESG brownie points.

Retailers know EV owners are above average income earners, often as a 2nd car, often driven by a woman who have time and money to shop. Retailers want to pull in those spenders. Regular Walmart, costco, etc customers are bargain hunters and i identify them as mostly 'non native born' canadians that shop there, surely they aren't EV owners. These retailers love to attract the newer class of well-to-do into their store. Installing charging stations is relative cheap marketing (versus remaking interior decor or other fancy gimmick). Hence EV chargers worth the business gamble.   

meritmat wrote:

Don't think it has to do with the EV as it is with the government telling us we have to own an EV.   

The government can go get bent.  None of there concern what I drive 



<< Previous
Bullboard Posts
Next >>