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Bullboard - Stock Discussion Forum 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 and gas production, petroleum refining in Canada and the United States and its Petro-Canada retail and wholesale distribution networks... see more

TSX:SU - Post Discussion

Suncor Energy Inc > Biden,keystone,and western Canada.
View:
Post by Wynjoe on Mar 12, 2021 7:02am

Biden,keystone,and western Canada.

Biden has cancelled further drilling on federal lands,he has cancelled keystone xl pipeline,he is very unfriendly to oil.To me,this means a very great year for oil prices.Biden may not want to invest in fossil fuels,but the demand for oil will not be stymied for many years yet.With covid almost in the rear view mirror,and growth ready to explode,oil has the perfect scenario to go above $100.00 per barell,and even surpass historic levels.Planes,trains and automobiles are coming back online daily.Suncor is in the perfect position to make more money this year,then it ever has.STRONG BUY!!!Before first quarter earnings, are released,we will see positive news releases from Suncor,one of these will restore higher dividend to keep pace with higher s/p.$50.00 before year end.
Comment by Fishermen on Mar 12, 2021 10:09am
Oil  in long term, I mean 10yrs from now on, is not a good investment. Enjoy while we still can.
Comment by NPCexe on Mar 12, 2021 10:44am
I'm hoping people will wake up to the scam that is green energy by then. Not an oil guy, but we need better alternatives.
Comment by Bigbear7405 on Mar 12, 2021 12:07pm
Electric cars are coming. They have exploded in my city. You will still need oil for planes, boats and trucks. Instead of using up oil over the next 200 years, less usage means what we have will last for 1000 years. Oil will run out its finite. Oil companies need to get lean and mean. Dont increase the dividend pay down debt. This way they can be profitable for a long time pulling less out of the ...more  
Comment by Mtklip on Mar 12, 2021 2:39pm
clearly you're lying about the electric cars explosion, they don't run on gas so they can't explode.
Comment by topdown99 on Mar 12, 2021 5:21pm
But EV batteries DO burst into flames on occasion and generally burn the car to the ground . EV's are on average 1000 lbs heavier than a traditional gas powered car . This will cause several new problems from parkade capacity to road surface degradation . Infrastructure is still unable to support 10% of whats being proposed so the O&G industry will be around for decades to come . Suncor ...more  
Comment by Mtklip on Mar 12, 2021 6:28pm
well I was being sarcastic about the EV explosions. They would be lame, just like the cars. Drill baby drill! Or actually no, just print money.
Comment by Bigbear7405 on Mar 13, 2021 11:45am
Still long way to go before they become mainstream
Comment by Fishermen on Mar 12, 2021 9:49pm
Because of heavier EV we need more asphalt pavement which is an*dirty* oil sand product???
Comment by Wynjoe on Mar 13, 2021 7:49am
Comment by Wynjoe on Mar 13, 2021 7:50am
Comment by Bigbear7405 on Mar 13, 2021 11:43am
Lol
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