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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 Experiencedon Sep 10, 2023 8:36pm
112 Views
Post# 35628628

RE:Hopefully my last post about EV's impact on the future on SU

RE:Hopefully my last post about EV's impact on the future on SUInteresting post Obscure.

Whether or not TSLA will over the medium term be at the top of the pile or not is a matter of debate in my opinion.  As I mentioned before, my investment strategy when there is a technologial shift is to not to bet on who can win but rather what that means for the overall direction of the world and invest accordingly.

What is clear to me in all of this is that the future is changing.  Generally, the best investment strategy is to invest as the sage Wayne Gretzky once said "Go to where the puck is going - not where it is".  When you combine EVs, Government legislation around the world against ICEs and technological change reducing the need for oil based petrochemicals (my blue jeans are an example), there is no doubt that there are headwinds for oil producers.  Going to "where the puck is going" will over the longer run yield higher investment returns.  This is not to say that investment in oil companies may be bad investment but rather there is more money to be made investing elsewhere.

Where is the elsehwere?

In any transition there will be problems and historically when Governments get involved there will be greater problems.  In the case of the transition to a less carbon/oil centric world, Government have clearly put their thumb on the scale.  So the big money is to invest in companies that have solutions to the inevitable problems that will emerge.
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