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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 matt2018on Feb 29, 2024 7:29am
105 Views
Post# 35905801

RE:RE:How do you think this ends?

RE:RE:How do you think this ends?Obscure..... don't doubt that Tesla will continiue to be a dominant player in EV space.
As has been written about extensively lately, forward oil growth is expected to come from underdeveloped countries.  Developed countries consumption will continue to hold steady (just by sheer pop. growth), even as EV's evolve, as you mention with lower priced models.
I find it interesting that Buffet has been selling some of his masive Apple stock lately.
Look what he's buying.  He knows something.

Where Warren Buffett is investing. In the last quarter of 2023, Berkshire Hathaway has increased its stake in Chevron by 18% to more than $18 billion, according to Forbes. The holding company also grew its stake in Occidental Petroleum by almost 9% Feb 15, 2024
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