Suncor Energy Inc T.SU

Alternate Symbol(s): SU

Energy Oil & Gas Integrated

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.

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Suncor Energy Inc > I don't understand why anyone would invest in Suncor now

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Comment by matt2018on Jul 03, 2023 9:34pm

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Post# 35525271

RE:I don't understand why anyone would invest in Suncor now

So after Musk recently met with Modi, and they had an exciting conversation about solar/battery, you are concluding that "India will not be relying upon coal and oil for much longer".
What time frame are you talking about?
If you are talking about 2030, perhaps they can start to reverse the trends mentioned below if they are all serious about putting up the money needed to start these investments.
The headlines I read about the country's energy consumption are more like this:
"In the financial year that ended in March 2023, India consumed 222.30 million tonnes of petroleum products, up 10.2% from the previous year, according to the latest oil ministry data. This is the highest-ever in the history of the world’s third-largest oil consumer."
“India’s gasoline demand rebounded to above pre-COVID-19 levels in 2021 and was expected to be some 17.6% higher than 2019's level in 2023."
Biden also talks about this world where its all "free". Student loans get wiped out, etc.
After that, the same people will demand that their credit card debts get looked after as well.
Who exactly finances this "free" world.

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