Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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 25, 2023 9:19am
127 Views
Post# 35651862

RE:RE:RE:carbon tax

RE:RE:RE:carbon taxGlad to hear that you are still looking down at the grass as opposed to looking up at it!!!

Just a point of clarification, there already is a clawback on the OAS if your income is above a certain level.

That said, I do agree with your sentiment.  When Governments put their thumb on the scale, most of the time all they do is screw up the natural business/economic ecosystem and create problems elsewhere.  IMO it is far better for Governments to let the system work things out naturally and if anything facilitate the process by reducing or eliminating roadblocks.

This why I have said here many times that the best investment strategy is to recognize that Governments will continue to screw things up and put your money on companies that have solutions to the inevitable problems that Governments will create.  This is in part, one of my principal criticisms of SU is that with their current large FCF, they don't seem to be investing in such areas but rather are doubling down on oil production.  So in that sense they are a one trick pony and if things don't work out like Migraine envisions then investors in SU will wish they had invested elsewhere.
<< Previous
Bullboard Posts
Next >>