RE:RE:Nothing to see here Part 8barney....with all due respect I think you are missing the point.
The issue from an investment point of view isn't that oil is going away anytime soon. The point is that there is likely to be demand destruction in the coming years so that the future demand for oil will be lower than it would be if EV technology didn't exist.
This fact presents a challenge to long term holders of oil stocks in terms of the potential for SP increases compared to alternative investment possibilities. In the particular case of SU, they are spending billions of dollars just to keep current production capacity stable. In this scenario, the only way for the SP to go up is if there is a meaningful long term increase in the price of oil. Whether this happens or not depends on whether in the future there is greater demand destruction due to EVs etc or greater supply destruction due to Government policy. My bet is the former. But either way, again for long term holders of SU, a little research will result in finding better investment opportunities.
Now - while this transition is going on people are going to overreact to current conditions in one direction or the other and this will present short term trading opportunities. It is in this arena that I see making some money holding SU stock - but not as a long term investment.