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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 Dec 11, 2023 3:01pm
115 Views
Post# 35778430

RE:RE:RE:RE:RE:Well in other news, Suncor valuation

RE:RE:RE:RE:RE:Well in other news, Suncor valuation Pablo:  Not a bad strategy to lease new technology if you can. 

I don't know about the warranty for other EV's, but Tesla offers an 8 year warranty on the battery based on 20,000km per year.  Apparently battery fails for Tesla's are very rare but when they do happen, it is almost always in the first year.  The average battery life for a Tesla ranges from 22 to 27 years. 

The cost of the battery for Tesla has dropped off a cliff to the tune of about 85% in the last ten years. Today, the cost to replace a Tesla battery ranges from $3,000 to $7,000 depending upon the size of the battery. The cost of the battery is expected to drop another 40% by the end of 2025 which is only two years out.  

To put the above in perspective, a replacement engine for a Ford costs about $7,000 to $9,000.

I hope the above info helps. 


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