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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 20, 2023 11:18am
118 Views
Post# 35744388

RE:RE:RE:RE:EV Charging Stations

RE:RE:RE:RE:EV Charging Stationsmbuch...yes as I have posted many times, there will problems in the transition and investing in companies with solutions to these problems is where big money is to be made.  You mentioned decentralized power or as some call it, dispatchable power.  I have invested in a private company doing just that.  Their current round of financing is at a valuation 13X my cost base. Big companies like ENB are talking to them about ways to secure and lower their energy costs.

That aside, I have mentioned big companies like WM and GFL which are investing in RNG produced from their landfills.  WM with less investment than the cost for SU to buy the rest of Fort Hills will double their FCF over the next 5 years through production of RNG from the biogas from their landfills. GFL is producing so much RNG that they are trucking it  to the US for export to Europe. This relates directly to my earlier post today about forgetting about whether the world will still need oil in 50 years but to put investment dollars were you get the best risk free return.
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