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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 Kman86on Aug 23, 2023 9:00am
152 Views
Post# 35601428

RE:RE:RE:Blind spots

RE:RE:RE:Blind spots

Would you expect anything by more from a self-admitted Tesla shareholder who has posted Tesla pumper Twitter accounts? That's not to mention the fact he isn't an SU shareholder. 

Tesla has cut their prices numerous times and the market is only going to be further saturated in the future. As a result, profit margins are going to become significantly lower. 

if we go into a recession (mild or severe), do you actually think that people are going to be purchasing Teslas or EVs for that matter? Absolutely not. This is going to further force manufactures to cut prices and profit margins. When it comes to stocks such as Tesla ( down around 25% in the past months), there is a significant risk that these stocks  continue their downtrend in recession environment. It's my opinion that the stock is currently significantly overvalued as is.

Oil demand is near an all time high and is set to increase for years to come. Will there be a time when it's time to cut ties with oil investments? Yes, but that time is not right now.



 

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