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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 newtonboyon Dec 14, 2023 7:36pm
153 Views
Post# 35785805

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

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

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

Experienced:  Judging from your posts (which I mostly enjoy) I am assuming you fall into the same demographic as me (I was in sixth grade when they vaxed JFK). Our investment strategy greatly differ in terms of duration. You appear  to be mid to long term oriented while I prefer to gamble on the shorter term plays which I consider SU and  all other O/G plays, especially ones which pay a dividend. Don't really understand why anyone would think beyond 5-10 years considering what is happening globally, but each to their own. I seriously believe the energy sector will prove more prosperous than EV start-up related plays years after I push the "buy" button on my final trade. Will SU grow 10% this year? No one knows for sure but I'm comfortable with the present dividend combined with their up-mid-downstream operations that it will. Rich Kruger appears to be making the right moves despite the non-support from the Feds, which leads me to believe we will see more significant improvements in both operations and business stategy.  Who knows he may even double the number of EV charging stations on Canada's Electric Highway...



 

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