RE:As I mentioned last weekChad:
Thanks for posting the article.
I wrote about this a few months ago but I used $3mm per station which would amount to about $5 billion. I got my figures from checking out real estate listings of stations for sale.
Public fast charges go for about $250,000 per charger which means the service stations will likely be worth more as EV charging centers in the future.
I would think that the best use of space for the high profile locations would be to put up high rise condos. I think condo developers could curry favour with municipalities if they included EV charging centers stations into the design.
My question is: "What would Suncor do with the proceeds?"
If oil prices stay at current levels, I expect Suncor to be debt free by the end of 2023. I don't think that being debt free is a good thing for a public company because one of the primary benefits of being a public company is to leverage debt.