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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 Mar 02, 2024 3:13pm
121 Views
Post# 35911364

RE:$4,500

RE:$4,500

I don't have an anti-Suncor agenda regardless of what you think. In five years, you can either own the auto equivalent to a flip phone or you can own the the automobile equivalent of an Android or Iphone.  

what a load of craps. If you aren't anti SU, why you keep posting EV craps here, and not other oil board or TSLA, GM ford boards but only on SU board?


Obscure1 wrote: The BYD Seagull in the video from my last post sells for $11,500. 

The Biden administration has protected the American ICE auto industry by imposing duties on Chinese vehicles.    

BYD will be producing the Seagull or something similar in Mexico in a couple of years.  The Mexican made Seagull won't be subject to import duties and they will make the vehicles in such a way that it will be eligible for the IRA $7,500 EV credit.

The Mexican made BYD Seagull should end up costing consumers about $4,000 in a couple of years after accounting for the IRA credit. Think about that.  Before you start claiming that Chinese made vehicles are craap, do your homework.    

The car will travel about 400km on a full charge and you will be able to charge it at home in 4 hours for about $3 if you charge it after 7pm or on weekends.   

The American auto industry will continue to put up a fight, but BYD will jump through hoops to make it happen as that is what they do.  Preparations are already well under way. 

At the end of the video, the host who is an EV fan says "I could live with this car".  

The guest, who doesn't have a dog in the fight as his job is to tear down cars and report his findings, says "The auto industry MUST learn and they must learn QUICK". 

And yet we see the American legacy auto companies gearing back on their EV efforts.  They claim  they are backing off because there is a lack of demand for EV's.  Nothing could be further from the truth as the reality is that legacy auto can't compete so they are going to milk every last cent out of their loyal customers for as long as they can. 

I don't have an anti-Suncor agenda regardless of what you think. In five years, you can either own the auto equivalent to a flip phone or you can own the the automobile equivalent of an Android or Iphone.  

The outcome is not in question.  Just the timing.  








 

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