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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 Oldnaggeron Jun 24, 2022 4:20pm
255 Views
Post# 34781320

RE:RE:RE:RE:RE:RE:RE:A Perspective on Oil

RE:RE:RE:RE:RE:RE:RE:A Perspective on Oil
Experienced wrote:
Oldnagger wrote: We can all use more pragmaticism. Unfortunately it is not the stuff that dreams are made of. Even in my old age , I am still chasing rainbows !! best of luck, we are all different !!

Well if you are Irish that shouldn't be a problem....all you need is good Sherpa leprechaun...lol

I am not sure about who needs a leprechaun. I am saying that petroleum will be as much in demand many years from now as it is today. I realize that there is an ocean of people who wish it were not so. But there is also a growing ocean of people who very much need energy in all its forms and will pay no matter what to get it. That other ocean includes just about everyone outside of North America.
Natural gas is now roughly twice the cost of oil on an energy equivalent basis outside N.A. So why not shift to Oil? As I said earlier it is easier to transport oil to where it is needed than anything else.The only real hope , as the world is slowly learning, to displace oil is either nat gas or coal. I say why displace it at all, it is the overall best solution there is !!
 

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