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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 Experiencedon May 16, 2023 7:55pm
122 Views
Post# 35451435

RE:RE:RE:RE:RE:SU share price breaking out to the downside

RE:RE:RE:RE:RE:SU share price breaking out to the downsideIrrespective of all that TSLA is doing, the average mileage per day is around 50km and pretty much anyone in a house will be charging their cars at home so they won't need TSLA or any of the other places to charge except on road trips..  Many condos will also have the capability for owners to charge their EVs as well.

This basically will increasingly reduce the need for gas stations as EVs replace ICEs as time goes on.

I also see in the future that accommodations will include charging stations just like they all have wifi now.  This will significantly reduce the need for charging at a commercial site on road trips especially as technology improves the range for EV batteries.
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