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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 Experiencedon Mar 19, 2022 10:01pm
127 Views
Post# 34529034

RE:RE:RE:RE:Lesson from the Movie The Godfather

RE:RE:RE:RE:Lesson from the Movie The Godfather
Obscure1 wrote: Putin was counting on total genuflection similar to the 2014 takeover of Crimea. 

With the unexpected resistance from Ukraine, and Zelenskyy's brilliant theatrics which have captured the sympathy of the world, Putin has painted himself into a corner.  .

If Putin had even an inkling of humility, he would have admitted he made a mistake and backed off acknowledging the will of the people beyond the Donbas.  Instead, Putin is responsible for thousands of deaths and billions in damages. None of that matters to a psychopath.  

I think Putin is "all-in" so the real pressure is on China now,  I expect America and Europe will escalate the pressure on China via increasing sanctions but I don't expect China to fold. 

It looks like China has taken a page out of the American playbook from WWII by profitting from both sides and I expect it will continue to do so as long as possible.

I expect China will continue to support and finance Russia for the next 3-4 years until the pipeline infrastructure is complete.  When that happens,Russia will only have one buyer for its resources and the One Belt One Road will run right through Moscow.  China will own Russia and the food production from Ukraine.

I think China will support Russia's effort in Ukraine.  As long as things don't escalate to the point of international involvement which would threaten a WWIII, China can getting deeper and deeper into Russia's pocket while the pipeline infrastructure is being built.  As such, I expect the Russia/Ukraine war to hobble along for serveral years. 

In the meantime, the Chinese are buying up every property that comes available in Europe and America as well as building mega battery plants in both continents. 

Does anybody see a pattern here?
As I said before, anybody here with young children or grandchildren would be wise to fund Chinese language training for them.

As for Putin and Russia, they will become a vassal state for China.  The Chinese are re-creating the Mongolian Empire under Genghis Khan without firing a single bullet.

As for India, India and China have been at odds over their 2000km plus border for years but they are talking to resolve their differences.  If they join in the party with China and Pakistan is already a questionable ally of the west, Europe and The US and Canada will become the poor kids on the block.

Gawd I'm glad I'm old!!!  But I do worry about future generations.  The US Empire is clearly in decline and a new world order is emerging right before our eyes.

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