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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 11, 2024 4:03am
117 Views
Post# 35925781

RE:RE:RE:RE:RE:That's a lot of Teslas!!

RE:RE:RE:RE:RE:That's a lot of Teslas!!aramco need to have a annual profit of 144 billion just to be value competitive with the average SP500 companies.

comparing to tesla EVs is plain stupid silly.  Tesla likely still need to cut their EV prices some more to compete with the chinese, and according to obscure1, electricity will soon be free given the massive transition to renewable energy (solar and wind).  Soon EVs will be disposable electronics like today's electric appliances and toys which mean more craps going into landfill.  My 40 years old washer/dryer, range/oven, microwave still work perfectly, unlike today similar appliance which i see at landfills.  Insurance companies rather scrap damaged EV than repairing them which are great for the environment according to green cultist like you.  The classic car market is still buoyant, i doubt there would be a market for old EVs, just like there are no market for old PC or old smartphone. Keep posting here so you can display your ignorance for us all to see
Donwaan wrote: With all due respect Experienced, it was Saudi oil giant Aramco that made $121 billion in profit, not Tesla. My point was for $121 billion you could buy alot of Tesla cars (or alot of anything else for that matter). My apologies for not being clearer.


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