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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 Aug 22, 2024 9:24am
114 Views
Post# 36191499

RE:RE:Pure speculation

RE:RE:Pure speculation Marty...interesting speculation

To me the way to look at this is as follows...

There are a whole bunch of things that are givens and won't change irrespective of who wins the election.  This includes the overal price of oil which in part depends on world oil demand and supply, technology/productivity, interest rates...the list goes on.  So the question then becomes as investors - which one will influence production in one direction or the other and corollary is whether is whether what they do would have a significant or measurable impact.

IMO I don't see either of them having such a significant impact that would drive the price of oil down to the 60s.  The price might get there (recession?) but it is unlikely to be caused by policy changes.  On balance I see Trump at the margin creating a more favourable investment climate for oil production (all other being equal) and Harris doing the opposite.  

So on balance investors in Canadian oil companies would slightly be in favour of Harris winning but based on what we know now, there would not be a reason IMO to change your strategy or asset allocation based on the Presidential result since the impact is likely to be insignificant.  That said though, it will be important to monitor what whoever wins to see what they do and more importantly whether that person finds a way to actually have a significant impact on US oil production.
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