Suncor Energy Inc T.SU

Keeping Petro Canada stations

[Co2Harvest]

There ya have it. https://globalnews.ca/news/9311689/suncor-energy-keep-petro-canada-retail/

[Experienced]

Basically in line with my friend's suggestion as to the true PR. What I find interesting is that basically nobody was willing to pay at least $3.8 billion dollars for PetroCanada.  So this puts the market value less than that.  Given that SU paid about 15 billion for PetroCanada in 2009 a short 13 years ago this represents a massive writedown which the company has yet to formally

[angelnicky]

time to clean out the leadership team that was there with the former CEO who resigned Including the board members take action vote at the next meeting

[Clemxb7]

The Petrocan sale came with 2 refineries (Montreal 137K / day, and Windsor 85 K/ day) and a pipeline or two. No need to write down anything.

[Clemxb7]

Opps forgot the Edmonton refinery. 146 k / day. So thats 3 refineries Suncor got from Petrocan. We all know what it cost to build pipelines nowadays.  So no write down.

[newcoin]

Thank you for pointing this out. Everyone needs to get their facts straight. No misinformation.

[meritmat]

I notice a little bit of Eastern Canadain bias my friend.   EV may be the way of the future but we're talking decades before you will see them over take ICE vehicles.  At lest in Canada, by that time it won't matter I'll be sitting on a beach somewhere enjoying being away from the cold.  Thanks to my CVE/SU shares.  Excuse me got to warm up the truck.  Not

[Experienced]

Perhaps... But Ford is now delivering EV trucks and TSLA will be shipping its semis starting tomorrow so actually I think it is highly possible that the adoption of EVs in the truck market may in fact be faster than for cars. The reason? People driving trucks tend to be more in tune with the costs of ownership and the math is pretty compelling (eg the TSLA semi has a payback period of 2 years or

[meritmat]

Good more load on California power grid.  Can't wait to see the black outs.  Other then maybe a few in the Southern states be many a years till they even make a dent in the big truck market.  Love to see how much more the freight will cost when the truck has to stop 3 times to charge hehe 

[Experienced]

With a due respect my friend, I think you need to do a bit more homework before making such inaccurate statements. As an example, the TSLA semi has a range of 500 miles and given that under legislation in the US a driver can drive a max of 11 hours a day this means one recharge during the driving day.  The superchargers that TSLA is installing on truck routes can recharge a semi to 70% in

[Wynjoe]

I am a Suncor fan but the markets are about to take a downturn,where this leaves Suncor is anyone's guess, but I think the markets is about to sustain a huge drop.

[meritmat]

That's interesting I glanced at Tesla site.  Might be viable in city's long hauls I can't see it to many things to go wrong.  My biggest issue would be if the truck broke down.  Can't drag it to the nearest heavy duty mechanic shop.   Southern states or warm climate yup I'm all for trying them. Other then that give me my 855 Cummins 

[PabloLafortune]

Wild guess, new immigrants buy over 100-200,000 vehicles a year. Even though many are hybrid, EV and PHEV, my another wild guess is the # of gas vehicles - which I would put hybrids in that category - in Canada will continue increasing for the next 10 years.