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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 production; petroleum refining in Canada and the United States; and the Company’s Petro-Canada retail and wholesale distribution networks (including Canada’s Electric Highway, a coast-to-coast network of fast-charging electric vehicle (EV) stations). The Company is developing petroleum resources while advancing the transition to a lower-emissions future through investments in lower-emissions intensity power, renewable feedstock fuels and projects targeting emissions intensity. The Company also conducts energy trading activities focused primarily on the marketing and trading of crude oil, natural gas, byproducts, refined products and power. It also wholly owns the Fort Hills Project, which is located in Alberta's Athabasca region.


TSX:SU - Post by User

Bullboard Posts
Comment by jagsfanon Sep 12, 2020 11:26am
175 Views
Post# 31548322

RE:Let's be realistic, if just for a moment,

RE:Let's be realistic, if just for a moment,Almost all of what you say is true excluding the offhand reference to electric vehicles replacingfossil fuel powered vehicles.

Right now lithium may be scarce, expensive to mine & refine but electric batteries & cars are in their infancy and, as always, we've been able to drive costs down as we work at improving production & efficiency in all aspectes transportation.

Regardless of what I see coming; it's a long ay off & if we keep in mind that the same level of demand for oil may not return then we can still invest in O&G companies with a short term perspective.
Bullboard Posts