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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 Kman86on Feb 14, 2023 10:05am
185 Views
Post# 35285016

RE:RE:Getting Back to First Principles

RE:RE:Getting Back to First PrinciplesYou hit the nail on the head. I'd consider a large percentage of these EV and clean energy companies as speculative at this point and certainly not a place I would like to have my money. I'm not a fan of gambling.

If the government and society want to get serious with EV vehicles for example, the vehicle prices sure as hell better come down. In a day and age where people can barely make ends meet, the thought of purchasing an EV vehicle is laughable at best. Just look out on the road to see the amount of people driving around in beaters. The prices of these vehicles and technology are out of touch with reality. 
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