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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 Obscure1on Aug 21, 2023 4:35pm
140 Views
Post# 35598625

RE:So Stockhouse DOESN'T LIKE When You CRITIZE EVs

RE:So Stockhouse DOESN'T LIKE When You CRITIZE EVsz173: 

I suspect that your posts scare SU shareholders more than mine do. 


I read a lot, evaluate, and then share my thoughts.  I'm not trying to scare anybody.  I don't have an agenda other than to share information.  Anyone that posts on SH believing they can change someone's mind is delusional. 

Anyone that doesn't think EV's are going to make ICE vehicles obsolete before the end of the decade might want to do some homework. 

World wide EV sales were only 4% in 2020 while they will make up 13% in 2023. To those with their heads in the sand, the numbers may seem meaningless, but the picture is perfectly clear to anyone that understands exponential growth and adoption rates.

Oil will still have many uses in ten years but transportation via ICE vehicles is unlikely to be one of them.  The fact that SU is so deeply dependent upon its refineries and downstream operations might give one pause to think.  
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