Suncor Energy Inc T.SU

Alternate Symbol(s): SU

Energy Oil & Gas Integrated

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.

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Suncor Energy Inc > Some First hand Experience

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Comment by mrbbon Feb 16, 2024 6:22pm

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Post# 35885238

RE:RE:RE:Some First hand Experience

All that supposed rapid pace EV sales last couple of years, oil demand is still chugging along. With the pending recession, i see more people holding on to their current ICE automobiles although they might drive less due to unemployment. Hence the 2024 oil demand forecast is a smaller increase than from 2022 to 2023 but it isn't bad considering recession AND continuous EV sales.

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malx1 wrote: Nukester -

I often wonder why we have $79 oil during a recession...

Loose markets!!

LoL

When oil is $100, many "experts" will be touting SU at $80cdn.

Better late than never, right?

"Capital Starvation" the Energy theme as we reemerge from pretentious sea-floor ESG rankings to BNN's market darling long after the stock has doubled.

Prices will march higher, energy neophytes won't understand why.

I don't always buy fossil fuels, but when I do, I buy Suncor by the fistful.

Stay thirsty my friends.

nukester wrote: I always love when folks "Trot" out the horse analogy :-)

If we are going to talk horses, lets also talk hay production!
Hay is fuel horses as oil is fuel to I.C.E. automobiles.

So lets take a historical look at the production of hay after the advent of the automobile in the United States:

O.K. Class who can tell Nukester what happened to hay production after I.C.E. vehicles displaced horses :-)

Class dismissed...
Got oil ???