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 > Inflation

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Comment by Experiencedon May 12, 2022 9:01am

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Post# 34677141

RE:RE:Inflation

Chad123 wrote: Good article.
Thanks.

I am old enough to have lived through this period, just wished I would have paid more attention to the policies and politics back in the late 70's and 80's. But being born in the early 60's means I was enjoying life by partying in those decades. This article shows what I missed.

To my point though, it seems like history has once again rhymed. Looks like we are back in the 70's again with fiscal imbalances, energy shortages and bad data or should I say real bad data.
Boy did they ever miss the mark on almost everything and not like there were no warnings either.
Anyways, it is what it is. Nothing you or me can do about it except to know what to expect and try to make money out of it.
As for the policy makers, well guess they will blame it on others.
GLTA.....

Experienced wrote: We are told that the current inflation numbers are as high as they were in the 1980s.

I lived through that period as an investor as have a few people here. That said, I suspect that most of the people reading this Board were either too young back then to know what was going on or not even born.

Here is a great piece that talks about The Fed and what happened back then. I will leave it to each of you to interpret what those lessons might mean for what is going on today

https://www.federalreservehistory.org/essays/great-inflation