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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 Feb 08, 2024 11:08pm
108 Views
Post# 35871628

RE:Joe

RE:Joeliljohnny...These statements in the report are much more serious in terms of re-election than him being charged (which by the way couldn't be done until he is not President anymore).

The fact that even State TV (aka CNN) had no choice but to talk about it is likely to impact on the November election.  This is especially important since nobody in the Party is in favour of Kamala and her polling is even lower than Biden's.

My US friend who is politically connected tells me that the Dems are having a Pow Wow to discuss what to do about this.  One option is for him to open the door for another candidate through backroom negotiations.  Rumour has it that Biden will fight this option so it could get real interesting to say the least...stay tuned...

But all that aside, the key thing as investors is to figure whether all this is a good thing or not.  IMO it's difficult to make a judgement on this at this point in time.  But it is definately something to keep a lcose eye on.
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