Suncor Energy Inc T.SU

Alternate Symbol(s): SU

Energy Oil & Gas Integrated

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. The Company 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.

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Suncor Energy Inc > WHEN Russia defaults

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Comment by mrbbon Mar 13, 2022 1:26am

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Post# 34509729

RE:WHEN Russia defaults

don't worry about western banks, they will get bailout once more on our dimes

Obscure1 wrote: There will be no going back for Russia. Memories last a very long time and burying the evidence is no longer an option in today's world.

The fallout from $121 billion loan defaults will hurt the liquidity of specific banks ($20 billion for Soc Gen for example) but I don't think the carnage ends there for the banking industry or the world economy in general.

There are going to be ripple effects and reprecussions that nobody has figured out.

Businesses around the world are going to have to pull back and reassess.

Countries are likely going to have to rethink relationships in terms of Red Pill or Blue Pill.

Oil, as the real currency of the world, will certainly protect Suncor shareholders but I'm not so sure that it will be enough to keep portfolios bouyant.

Buffet is famous for his belief in "never bet against America". I hope he is right, but FOMO is not at the top of my investing objectives these days.