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 and gas production, petroleum refining in Canada and the United States and its Petro-Canada retail and wholesale distribution networks, including Canada’s Electric Highway, a coast-to-coast network of fast-charging electric vehicles (EV) stations. Petro-Canada has a network of over 1,800 retail and wholesale locations across Canada, providing customers with a wide variety of fuel and service offerings including low-carbon fuel options. The Company is developing petroleum resources while advancing the transition to a low-emissions future through investment in power and renewable fuels. It also wholly owns the Fort Hills Project, which is located in Alberta's Athabasca region, approximately 90 kilometers north of Fort McMurray.

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Suncor Energy Inc > What happend to the EV pumpers?

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Comment by mrbbon Sep 02, 2024 5:15pm

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Post# 36205411

RE:RE:RE:What happend to the EV pumpers?

battery boy: He personally owns a hybrid and loves it (I didn't have the nerve to tell him that hybrids are dinasaurs that make no sense at all).

On the topic of chinese EV, PHEV and hybrid are most popular in china

BYD Sees 30% Sales, a Record, Fueled by Hybrid Vehicle Boom (industryleadersmagazine.com)

Demand For Chinese PHEVs And Extended-Range Hybrids Is Growing Faster Than BEVs | Carscoops

mrbb wrote: He personally owns a hybrid and loves it (I didn't have the nerve to tell him that hybrids are dinasaurs that make no sense at all).

Yah, battery boy is so smart and toyota is so dumb to go 100% hybrid.
Time and time again, battery boys are so laughable when they showing off their EV prowess.

Toyota bets on hybrid only models amid slowing EV demand (evmechanica.com)

Obscure1 wrote:
EV EV EV.............hehe

Just sitting back watching things unfold.

China reported July auto sales numbers and for the first time in history, EV sales made up over 50% of all auto sales in the country. No big deal as China auto sales only account for 32% of worldwide auto sales.

Meanwhile back in Canada where things REALLY matter, I was talking to one of my neighbours today who has owned an Esso station nearby for 30 years. There is no money in gas sales but he has a convenience store, car wash, and an oil and lube shop in the complex. I asked him about EV's and he says it is just a matter of time until they take over as the infrastructure is growing by leaps and bounds. He personally owns a hybrid and loves it (I didn't have the nerve to tell him that hybrids are dinasaurs that make no sense at all). He has a leases with both Esso and with the land owner where he operates his businesses. Both leases expire at the end of 2027 and he has zero intention of re-upping either lease.

No worries. It is all about the price of oil today.