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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 Mar 21, 2024 4:39pm
119 Views
Post# 35945829

RE:RE:A Rant - Some OT and Some Not

RE:RE:A Rant - Some OT and Some NotNelson...you are certainly entitled to your opinion as to relevance of my posts.  That said, if your focus is narrow, you are certainly likely to make mistakes as time goes on by missing "irrelevant" things that can have a big impact on your investments.

In terms of selling SU a while back, I am not in the least bit frustrated about that since that money was put to good use elsewhere.

As for your later points - for someone who seems to know my history and therefore must read my posts, I am surprised that you said what you did since I have mentioned many times my views regarding the use of petrochemicals in the production of such things as plastics and clothes which are being substituted by Government policy and bans..but hey I guess Government policy is just irrelevant and has no impact in your world...I have also said that oil will be needed for many more years.  The question (my point) is for longer term investments whether there are better choices out there which have a tailwind as opposed to a headwind.

As for electricity...last time I checked, oil is not used very much in the production of electricity so I'm not sure what your point is...  The private company that I have invested in has targetted the billions that you talked about who don't have electricity.  What will they use to produce this electricity?   Not oil....natural gas; biofuels and later hydrogen if that becomes practical.  Their technology also allows for the pass through of renewables such as solar and wind if available.
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