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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 production; petroleum refining in Canada and the United States; and the Company’s Petro-Canada retail and wholesale distribution networks... see more

TSX:SU - Post Discussion

Suncor Energy Inc > COVID - What's Under the Hood?
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Post by Experienced on Dec 29, 2021 9:43am

COVID - What's Under the Hood?

We are all being inundated with statistics and media hype about COVID, but what are the takeaways and reliability of the numbers and the implications?

Reliability of the numbers

From the US CDC....

Rapid tests -

if you are symptomatic and get a positive result 99% of the time you got COVID

If you get a negative result and are symptomatic the test is wrong 64% of the time.  

If you get a negative result and are a symptomstic the test is wrong 34% of the time.

Takeaway?

Rapid tests reliably tell you what you already know - you are sick!!  Otherwise they are basically useless.

Case Counts

They underestimate the actual number since many people are asymptomatic or simply don't report to their local health unit that the are sick.

Takeaway?

Case counts are useless

How bad is Omnicron?

I live in a large metropolitan area.  We have had record (reported) case counts (about 10X from before) for the last couple of weeks.  Hospitalizations?  Lower than before with Delta.  In the US over the past week case counts are up 75% and the number of people in hospital is up 7%.  If the true number of cases was actually known then this ratio would be a lot less.

Economic Implications?

With rapid increase in numbers of cases reported and unreported combined with the quantine guidelines we are rapidly moving to a situation where there will be nobody left who can work.  We have already seen this in the US over the thousands of flight cancellations.

If this continues there will some not so pleasant economic numbers coming out which will affect stock prices.

What should we do?

Clearly "following the science" so far hasn't worked.  Perhaps it is time to have a rethink about this and get some people in with some fresh ideas and more importantly, some Common Sense.
Comment by Konaboy on Dec 29, 2021 12:40pm
Bang on, on so many fronts. You can make statistics from the numbers you have available, but if you don't have all of the numbers your stats mean diddly. Just got home from whistler, big delays going through yyz. All the flights were delayed. Official reason was weather (somewhat plausible given the cold in the west). Poked a few of the many flight crew roaming around, and it was crew ...more  
Comment by Konaboy on Dec 29, 2021 12:57pm
And definitely meant pre-flight testing ...
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