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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 Jan 13, 2024 10:31pm
116 Views
Post# 35825601

RE:RE:Motley's take

RE:RE:Motley's takeMarty....good points

Before I retired about 14 years ago, I was denizen of The Street - an insider so to speak for many years.  What I can say is that there is a great deal of manipulation going on and in many cases the firms presenting advice actually bet against their own clients.  To protect the "innocent" I won't name names.  Many times during my career, I advised my clients the opposite of what I was told to do by my own firm because I knew it was simply wrong because it didn't fit with their investment objectives and the advice was designed to line the pockets of the principals of my investment company.

What I have learned during the 50 odd years (more than half a century) that I have been investing is that there is no substitute for every person to seriously evaluate their financial goals and then develop a strategy to find the lowest risk way to achieve that objective and not follow the flavour of the day.

Nobody really knows how much is possible to make in the market but as one gets older it becomes easier to figure how much you need and that should be your goal and find the lowest risk easiest path to get there. I used to tell my clients that my objective was for them to retire in the end zone, not trying to kick a 50 yard field goal into swirling winds.

So yes - read and absorb what you can but then step back and ask yourself, does that fit into my investment strategy and my tolerance to risk.  If it does then great.  If it doesn't then say "No Thanks" and move on.
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