Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

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 MigraineCallon May 24, 2022 1:05pm
203 Views
Post# 34704064

RE:Interesting Clip

RE:Interesting ClipYes Chad. Those behind the scenes pushing ESG investing and climate activism have ended up causing the world a lot of pain, with much more yet to come. 

I now thank them, as they have also made us a lot of money due to the the demand supply imbalance and structural devastation in energy markets that they have caused. Having them continue their efforts into the future will be key to our long term prosperity as holders of oil stocks supplying a perpetually oil starved world. 

I havn't been able to post lately, as I have been very busy moving into a new villa here in Thailand. I have not had the time to stay active on the board here or on the markets as usual to maximize my gains as opportunities present. I am pleased at the continued upward energy momentum as expected, while the general market continues to melt, along with ESG funds that can't deliver and overvalued EV stocks on their way down to realistic levels. 

As the US continues to drain the SPR by another 40 mm bbls, we will be that much closer to critically low emergency levels. Best for us is if Brandon releases all the reserves as soon as possible. There will be some drawdown point which will be critical in a sentiment sense I think. When that happens, I expect even higher volatility in energy due to market sentiment and fear of hurricane disruptions etc. in an already tight supplied product market with low inventories, and with minimal reserve.

Here in Asia, there are more serious signs of what is in store in the future for some. Laos has just opened up for travel, however you don't want to go there as there is an extreme shortage of fuel due to the collapse of the currency, and poor socialist energy policies. Long lineups for fuel at stations are the norm, if you can get it. Thailand has never had fuel so expensive at the pumps as long as I have been here, but we are still well supplied so far. As long as my gardeners and cleaning staff have gas to ride to work, I'm good.

Many countries are starting to face food shortages and high prices in energy, even higher than those which sparked the Arab spring. I expect a lot of riots and civil unrest this summer across the globe.

While the sentiment of fear, inflation, and recession grips the market, I am continuing to reinvest profits as I have over the last 2 years as my allowable margin grows with further increases in overall account value, but with a bigger buffer. I am maintaining a near fully leveraged exposure to the Canadian energy producers as I still think this is a once in a lifetime opportunity, that has a long way to go before playing out.

While there is a lot of noise, nothing I have seen yet so far has led me to believe otherwise that would derail the longer term energy bull thesis, but I am keeping a close watch for the asteroid headline.

I hope everyone finds their beach as well. GLTA
Good night.

Chad123 wrote:


<< Previous
Bullboard Posts
Next >>