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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 Oct 13, 2023 1:52pm
135 Views
Post# 35682657

RE:RE:PLANNED War: US ATTACKS Syria If HEZBOLLAL Attacks Israel ?

RE:RE:PLANNED War: US ATTACKS Syria If HEZBOLLAL Attacks Israel ?With all due respect my friend, my point is to assess the impact as investors of things such as war.

In the case of WWI, the US closed the market for 4 months at the start of the war on July 30 1914.  They didn't do the same at the start of WWII.  They did close for a few days after 9/11.  So they are unlikely to close if there is a Middle East conflict.

More to the point as investors, the day WWI started the DOW was at 76.  By the end of 1915, the DOW was at 99, a gain of 30% in about a year and half.  For WWII - the DOW actually rose 10% the day Hitler invaded Poland and fell about 2.5% the day of Pearl Harbour!!  From the beginning of WWII to the end of the war, the DOW was up 50%.

Will it be different this time if there a major war in the Middle east?

Who knows?

But the balance of probabilities is that investors are better off dealing with economics and business to make decisions and not speculate on whether there might be a war or not....and that is my point and where the time I spend looking at my investment is spent.

So I will not concern myself speculating about whether there will be a war or not and focus on the things I mentioned in my earlier post.
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