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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

Post by Farmer12on Apr 01, 2023 10:02am
240 Views
Post# 35373505

Prediction

PredictionThe brilliant Nils Bohr said "prediction is very difficult, especially if it's about the future." Oil usage may well fall but the reduction may well take a fairly slow path for several reasons. Many vehicles and furnaces have long life spans, ie commercial planes, farm tractors, smelters, etc, etc. Many countries are very hard to herd into a virtuous circle, see U.N., cats. In addition, while the rate of population increase in developed countries is very low, the rate in the developing world is much higher where future demand for energy is likely to be very high. Market pricing will determine the rate at which oil usage declines worldwide.
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