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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 25, 2023 2:32pm
116 Views
Post# 35605801

RE:Why is nobody here talking about Vivek Ramaswamy

RE:Why is nobody here talking about Vivek RamaswamyI do like this guy Vivek but here's the thing ....
He would bring Oil prices down by unleashing production by cutting regulations and opening it all up.
If you are an investor in Canadian Oil producers, you want a guy like sleepy Joe in there shutting it all down and setting it up for future shortages.
Makes the Cdn stuff (like WCS) more valuable.
Other than the Keystone XL  blunder, Joe's actually been good for the Cdn oil industry.
His mandate on EV's is an illusion and most consumers want no part of the costs associated with it.
They can barely pay regular bills and buy groceries, let alone make this massive investment.
He will be out of office and it will all be retracted just like Obama's policies were.
i know 2 people with EV's.  They both have been talking about getting one from the start.
They were the easy sales.  Sales going fwd are not going to be a slam dunk.


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