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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 nukesteron Jan 28, 2024 8:55pm
157 Views
Post# 35849748

RE:Debt and Recessions/Depressions

RE:Debt and Recessions/Depressions"My question for Nukester  is - Where would you move to in order to escape?"

Experienced,

I do not have a one size fits all answer. 
Some problems cannot be solved by changing jurisdictions.

Full disclosure: I am a U.S. citizen, I am not leaving my country.  
I am sticking around to see how this movie ends, keeping the bravado to a  minimum, trust me when I say I will not go quietly into some marxist utopia. 

Now to answer your question as best I can:
Canadians with the financial means can try relocating to countries like Panama. You will solve some problems, but not all.  In the process you will have abandoned Canada to the Marxist / globalist cabal. No easy choices here.

As far as investments, physical gold obviously comes to mind, but once again no easy choices.  
BitCoin - ditto.  Any solution we can devise can be thwarted by government or thieves, at some point. 

Maybe an "All of the above" approach.
Invest in real wealth. 
Land, housing, gold, commodities.
On a smaller scale, slowly and lawfully, remove wealth from the visible economic system.  I am not talking dodging taxes, I am saying think in terms owning items that are not visible on a google search of your name.

Sorry to be so vague, the truth is I have no easy answers.  The most important thing is to understand we have serious issues to contend with.

if I liquidate my Canadian investments, those funds will come back to the U.S.  until such time as I can resolve the issues discussed above.
Bottom line, no easy answers, no safe place to hide, similar problems down here in my case.


Cheers,
Nukester







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