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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 mrbbon May 01, 2024 11:23pm
80 Views
Post# 36018736

RE:I am pretty sure the Kruger can do better than CVE results

RE:I am pretty sure the Kruger can do better than CVE results i'm glad that kruger didn't cave in to elliot pressure to unload the PC gas station which likely be at a fire sale price.With Elon Musk disbanding staff and surprisingly their supercharging team that work so hard to get NACS as standard plug in, elon is admitting EV adoption has peaked or near peaking, and see slow growth in EV sales, much slower than 50%/year that high flying TSLA share price growth based on.  Rivian, GM, Ford, stellantis, VW, etc were shocked too as their EV plans are banking on readily avaiable tesla charging stations.   The current demand is hybrid, exactly what Toyota CEO had believed. . With this news, the value of PC gas stations certainly worth more than when Elliot was trying to make SU unload the gas stations. As for Honda, i dunno what the heck they are thinking going big into battery and EV with canada, when tesla, ford, GM are all gearing down on EVs and putting more resources into hybrid.  I guess honda want to grab whatever free money offered from liberal gov't before liberal party go bye bye in 2025. I think honda is banking on shifting to battery powered power tools(lawnmower, generator, water pump, pressure washer) and boat engine that they known for their ICE.  I hope honda electric equipments won't ruin their reputation they've earned from the ICE machines. Little late i say, dewalt, greenwork, snowjoe, ryobi, toro, makita, milwaukee, echo, a whole host of others have battery powered products in this space for several years already. 
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