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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 GingerEnergy111on May 02, 2023 10:57am
95 Views
Post# 35425043

RE:RE:The history of the electric car

RE:RE:The history of the electric carThanks for all of what you said.  It is interesting to know some of the back story to today's market.

Your points about all of the ease with which the switch could be made to EV's and pivot from ICE vehicles is notable in that, given all of these cost points, ICE vehicles are still claiming the highest duty cycle for most people in most of the markets.

I like to think I am diversified.  Part of my diversified strategy means I hand on to what I believe are stocks with a future and SU is one of them. 

So far the EV market is in it's infancy.  Stocks like TSLA and even Toyota are risky (witness the latest moves) in the EV market and not having access to secondary (non-public) markets such as you have indicated are accessible to you, means that for now, we have to work with what is available.  

The move to EV's is happening, but it's a transition, not a zero sum game.  IMHO.
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