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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

Comment by NPCexeon Jan 26, 2022 10:51pm
183 Views
Post# 34365354

RE:Inflation - Sort of OT

RE:Inflation - Sort of OT"Truly I tell you, they have received their reward in full. But when you give to the needy, do not let your left hand know what your right hand is doing, so that your giving may be in secret. Then your Father, who sees what is done in secret, will reward you. - Matthew 6:1-4
Experienced wrote: In many posts in the past I have pointed out that the way Governments around the world have changed the calculationof inflation to reduce the published inflation numbers.  One of the reasons for this is political (inflation causes opinion pollls to go against the sitting Government) but the other reason is that Governments have social programs whose payout increases are based on the published  "official" inflation numbers and so a lower inflation numbers means that Governments spend less where it is actually most needed.

With this as background, those who receive Government cheques for OAS etc will get a "raise" of 2.4% while the pubiished inflation numbers are 4% - but as I said above....the actual inflation number is a lot higher.  

Those who are poor and less fortunate are facing significant erosion of their real (inflation adjusted) incomes and this poses tremendous hardship on them just in terms of basic things like housing and putting food on the table.  In turn this places increasing demands on local food banks and homeless shelters.

I am donating $500 to the local Food Bank.  Those of you here who are OK in terms of dealing with inflation due to your financial situation, I encourage you to make a donation to an organization helping those less fortunate than you and post your gift on this on this Board.


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