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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

Post by Wynjoeon Jun 22, 2021 7:58pm
190 Views
Post# 33431869

Without much doubt....

Without much doubt....The world is overly worried about climate change, and the multitudes seek renewables. New oil money has dried up,projects cancelled and financial institutions are backing away from lending even existing oil companies new lending agreements.Perception drives commodity prices higher but reality sustains those prices and pushes all sensibilities out the window. Thus there is little doubt that this quest for renewables will,and must drive the price of oil so high that renewables will win the war,(but not for a very long time).Oil dividend companies,especially undervalued ones,are the places to be,SUNCOR IS AN EXTREMELY STRONG CANADIAN BUY!!!
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