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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 May 13, 2024 8:57am
130 Views
Post# 36036488

RE:RE:Biden...Election...Oil

RE:RE:Biden...Election...OilMarty...yep....the USA is getting really silly - actually more like scary with what is going on there.

My only remaining US investment are shares in a private company that I have owned for about 20 years.  This investment returns a guaranteed 7.5% annual return plus a share of profits made each year.  My returns each year are are between 18 and 24%.  The worst year in the past 20 years was 14%.

The downside to this investment is that I have to file US income tax each as well as Canadian income tax which is a pain in the you know where.  What irks me here is that while over 40% of US taxfilers don't pay any income tax, because I am a non resident alien, I don't get any deductions and have to pay US income tax.  I did get a tax deduction prior to Trump's "tax cut" but he did away with the last deduction that non resident aliens could use.

Yeah I know..."cry me a river"...lol

Getting back to Trudeau - call me naive but I don't see Trudeau recovering from the whole that he is in.  In part my feeling is that the Conservatives are more united than they have been in decades and Polivere is doing a great job in softening his public persona which helps in terms of electability.

That said, it will be interesting to see what he does when he gets elected.  Typically, they do less than say they will do.  Time will tell to see if he is different.
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