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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 22, 2023 11:45pm
167 Views
Post# 35601177

RE:Blind spots

RE:Blind spots Appreciate the post Obscure.  Interesting comparison and I agree as improvements in the technology keeps advancing, EV's will play a role in the future mix.
Where we differ is on the timeframe and the pace of market dominance.
It could be a slow grind.  Some will make it, many others will fail.
Also the infrastructure for all this also requires massive investment at a time when government balance sheets are stretched, credit tapped out, future budgets likely to be cut (just to avoid defaults).
To compare all this to a mature business like Suncor makes little sense.
Companies like SU are making money today, not hoping to make it someday if everything goes right.
With large capital costs behind them, the company is generating $billions in profit with a proven business model where strong demand for their product is still increasing annually.
Not saying that can't change.  Energy companies may need to adapt and run their businesses like Opec does one day.
Sure the market is forward looking but look out below if these EV start-ups miss these lofty targets/expectations.
All depends on your investment horizon.  I want the sure thing today.






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