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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 matt2018on Aug 16, 2023 9:17pm
201 Views
Post# 35592130

RE:Warning Signs - Who Knows?

RE:Warning Signs - Who Knows?Buffet does look a little cautious here. 
He also has 51% of his money in Apple ($178B / 900+M shares).
He is way up on this investment from his avg cost through the years but unless he has traded in & out last few years, it trades today at around the same price it did back in Jan 2022. 
The div yield is 0.5% so dont think he's holding it for that.

Michael Burry has been calling for market meltdown for quite some time now.
'Big Short' Michael Burry Makes a Dire Prediction For 2023"  JAN 2, 2023 8:30 AM EST
He could be right this time, he's certainly bet alot of money on it.
Thing is, nobody gets it right all the time.



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