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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 oilandgasmickon May 03, 2023 8:44am
120 Views
Post# 35427044

RE:RE:Nothing to see here Part 8

RE:RE:Nothing to see here Part 8You are quite correct Barney and thanks for this.

Oil isn't just used for energy production, it is also used in the manufacturing process for over 5,000 household and common end user products.

Cosmetics, pharmaceuticals, lubricants, solvents and fertilizers are just a few examples. There won't be any "transitioning" away to electrical power because electrons have no molecular weight. Its just electricity and you can't use that to tar the roads or lubricate your car so unless an alternate periodic table exists then oil isn't going anywhere. It is a critical part of everyday life.

No matter what trolls (who have multiple handles and spend hundreds of hours 'liking" each other have to say--amusing isn't it that these people have nothing else to do in life), oil is going to be used in abundance for a very long time. Accordingly, Canadian oil exports to the USA have reached record highs in the last few years so yes indeed "riddle me this"
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