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. > Ask yourself why are they?

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Comment by Torontojayon Feb 28, 2024 9:32am

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Post# 35903486

RE:RE:RE:RE:RE:RE:Ask yourself why are they?

Alberta should diversify because they are too dependent on energy. In good cyclical times, everybody has a job and wants to live there. In bad times, circa 2015, nobody wants to live there and they move to Ontario. Diversification doesn't mean a shift away from oil and a push towards other energy sources. It could simply mean putting more resources to other sectors of the economy that is not related to energy. Kevin O'Leary often talks about building more data centres because the world needs then. That's a good start.

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