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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 mrbbon Dec 12, 2023 8:44pm
148 Views
Post# 35781259

RE:RE:Who makes the most reliable new cars?

RE:RE:Who makes the most reliable new cars?obviously you're a little slow on world event,
Green leaders UK and EU have already back peddled on ICE ban deadline, with no major back lash from green activists.  Those target dates were just virtue siganling sell job to the naives. 

With the pending recession, you think people want to shell out 50-60k upfront to buy an EV to save future cost?  No, people would prefer to keep their ICE beaters and pay the current cheap petro and other pay as you go expense. Back log of EV on dealer lot is proving that already. 

With the recent drop of oil price, have your electric rate or supercharging rate gone down??  No.   Meanwhile my petro cost is now 1.14 $/liter.  You should try doing some full cycle NPV calculation.

Experienced wrote: Unless Governments around the world change their legislation and policies regarding banning/limiting the sale of new ICE cars then none of that matters even in the unlikely event that EV technology doesn't improve - certainly from an investment perspective.


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