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. > Short term vs Long term

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Comment by mrbbon Dec 14, 2023 6:23pm

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Post# 35785705

RE:RE:RE:RE:RE:RE:RE:RE:RE:Short term vs Long term

yet, you're here

Experienced wrote: Newtonboy......There is no question that there will be a need for oil for the forseable future but from an investment point of view that is not necessarily enough to make investing in an oil company a good investment over the long run and probably the medium term.

The answer is quite simple.

Which company would you rather invest in?

A company that has no competition for its output and has a growth trajectory of 10% a year...OR

A company that is facing competition for its output from companies that have substitutes and is expected to grow at 4% a year

I know where I would put money investment dollars....you???