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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.


TSX:SU - Post by User

Suncor Energy Inc > I don't understand why anyone would invest in Suncor now
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Comment by cashtango00on Jul 04, 2023 7:59am
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Post# 35525448

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

RE:RE:I don't understand why anyone would invest in Suncor nowHere are some fun facts for those that think oil is disappearing soon.

Despite the adoption of EVs and renewable energy in first-world countries, oil demand is rising not falling, and is now above 102m bbls/day worldwide.

Case study: Norway

Norway's oil consumption remains flat near its all-time high despite being one of the greenest shifts of any country in the world.  They presently produce 99% of their electricity with renewables, 90% of new car sales are EVs, and most homes are warmed with heat pumps and electric heating.  Oil demand is still strong....

Like it or not, oil is a long way from dying off.  




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