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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 Obscure1on Nov 28, 2023 4:04pm
97 Views
Post# 35757166

RE:RE:RE:Something to think about

RE:RE:RE:Something to think aboutI suck at posting youtube links on Stockhouse.

This link will take you to a map of current Tesla supercharger locations in Canada:  

https://driveteslacanada.ca/canadian-supercharger-map/

You will be surprised at how many they have aleady and you can bet that Tesla will be adding a whole lot more in the future.  Eventually we will see big box stores and hotels and restaurants offering free charging while using their facilities. 

Range Fear is NOT a thing for Tesla owners.  

If you have been following my posts, the little voice in the back of your mind already knows what the future holds for the auto industry.  The question is whether your ego can let go of your stubborness.

The inevitable is coming.  Cybertruck will tell us how fast.

Don't feel bad about being slow to pick up on this.  Legacy automakers ignored the truth for ten years despite having all the information at their fingertips.  When they eventually realized what will be happening in the near future, they jumped in with promises to spend tens of billions of dollars.  Legacy auto companies were going to quickly catch up and surpass Tesla and finance the transition with inflated ICE auto prices.  Unfortunately Tesla trashed their plans by dropping prices faster than anyone could have imagined (other than Tony Seba). The shoe dropped once legacy auto makers realized that Tesla is a software computer company on wheels and legacy knew nothing about software. 

Last week, VW management went to their union members and said the company can't compete and threatened massive layoffs if the union didn't give concessions.  That announcement followed VW's move to buy a small perecentage of a Chinese EV maker for $700 million in order to get the EV maker a toe-hold into the Chinese EV market. Can you guess how that is going to work out for VW in Europe and America. 

The Canadian government has pledged $13 billion in subsidies to VW to set up in Canada. The subsidy works out to about $400 per person for every Canadian, man, woman, or child.

How can Canada justify giving $13 billion to a company known for lying to its customers about toxic emmissions (VW has paid out the equivalent of Cdn$45 billion in fines and compensation) while that company is threatening its German workers? Don't worry, Trudope has our backs. 
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