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.

TSX:SU - Post by User

Suncor Energy Inc > Oil is cheap compared to gold

<< Previous

Bullboard Posts

Next >>

Comment by Torontojayon Apr 10, 2024 3:15pm

120 Views

Post# 35981870

RE:RE:RE:RE:Oil is cheap compared to gold

Hi Experienced. I'm of the opinion that gold is not at all expensive. There are plenty of reasons it could go much higher especially if the real interest rate drops in the months or years ahead.

I think there is significant margin of safety for oil to trend much higher in the years ahead. If anyone believes oil is fairly valued today, then gold is overvalued.

Take your pick.

<< Previous

Bullboard Posts

Next >>

These cold weather stocks are looking to heat up for winter