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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 and gas production, petroleum refining in Canada and the United States and its Petro-Canada retail and wholesale distribution networks, including Canada’s Electric Highway, a coast-to-coast network of fast-charging electric vehicles (EV) stations. Petro-Canada has a network of over 1,800 retail and wholesale locations across Canada, providing customers with a wide variety of fuel and service offerings including low-carbon fuel options. The Company is developing petroleum resources while advancing the transition to a low-emissions future through investment in power and renewable fuels. It also wholly owns the Fort Hills Project, which is located in Alberta's Athabasca region, approximately 90 kilometers north of Fort McMurray.


TSX:SU - Post by User

Comment by Experiencedon Apr 24, 2023 7:15pm
92 Views
Post# 35411427

RE:Russia's grey fleet keeps it oil and gas exports moving

RE:Russia's grey fleet keeps it oil and gas exports movingYep - I have been harping on this theme for a long time now that SU needs to find other businesses that will have a meaningful contribution to future growth.  What are doing?   Doubling down on oil when forgetting about whether you believe the EV story or not, the environmentalist are going to prevent them from increasing production and the most likely outcome is a reduction in oil production since they they won't get approval for mine extensions at the Base Plant and Fort Hills.

You talked about investment in a promising private company.  All SU needs to do is to get a list from the Technology and Innovation Federal Department of submissions for grants and take a look at them.  


There is no doubt they will find some gems - I did!!....and I don't have the knowledge of their engineers nor the money that SU has to evaluate them..
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