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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 Nov 15, 2023 3:58pm
141 Views
Post# 35737753

RE:RE:RE:Macro economic question?

RE:RE:RE:Macro economic question?pooltec....I still hold hold banks in portfolio as long term holds and as a dividend play although I have lightened up my positions in banks as part of my overall asset allocation stance.  That said, once my scenario regarding a potential recession has passed, I will buy back in and in the long run I see the banking sector as a prime beneficiary of AI in terms of reducing their costs and my gut feeling is that this fact hasn't been priced in yet.

In terms of split share stocks, you need to be careful there.  This is especially true for those that are priced a a sigificant premium to NAV.
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