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 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.

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Suncor Energy Inc > Some Words of Wisdom

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Comment by jx7000on Sep 08, 2022 12:06am

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Post# 34948556

RE:Some Words of Wisdom

Experienced wrote: Saw this today and figured I would pass it on.

Food for thought from somebody who has been around a long time and is successful

https://www.youtube.com/watch?v=v5UCmsXpngA

Comments as usual are most welcome for the benefit of all.

Saw that a few days ago. Boy did he hit a bunch of nails on the head (the guy's 98-years old). I remember those days of high inflation and double-digit mortgage rates in the mid teens. It did take a long time to correct the economic mess.

I've always equated recessions with high unemployment, downsizing, zero-wage increases, etc. I remember the signs, "Will Work for Food".

I bought 12% Canada Savings bonds for a six- or seven-year term as I recall--that was the only good thing about that time. But today... " when Charlie says (at 1:16), _"You may wish you had a Volcker-style recession instead of what you're going to get..."_ that's pretty scary. I don't know what to expect or do. I have no debts of any kind and some decent savings built up in my accounts so maybe that''' keeps going until the grim reaper calls ;-(

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