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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 Apr 12, 2024 4:29pm
100 Views
Post# 35986638

RE:RE:RE:RE:RE:We are having are cake and eating it

RE:RE:RE:RE:RE:We are having are cake and eating itJay....yep

If homes were truly unaffordable then there would be less buyers and the price would go down.  So spending taxpayer money to increase the number of people in the housing market just increases the price to clear the market.

What is really needed is actually ways to reduce the cost of home construction and ironically, much of this has to do with municipal politics rather than Federal politics.  

The other thing about all this and I am guilty of this myself, is the intergenerational transfer of wealth which gives people who otherwise would have to rent, the money buy homes and thereby bid up the price of homes. Such activity is within the scope (albeit difficult to enforce) of the Federal Government in terms of the taxation of gifts.  As an example, when one of my boys went to get financing for his first house and we had given him money for the downpayment, the bank required a signed release from us saying that our son didn't have to pay us back.  Such a document could possibly trigger a taxable event.

Trudeau on the otherthand is more about handouts and buying votes as opposed to really solving the actual problem.
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