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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 > EV Math and Digital Cameras
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Post by Experienced on May 01, 2023 7:58pm

EV Math and Digital Cameras

Right now there are two main issues related to the adoption of EVs.

1....they are expensive

2....the full cycle cost at current electricity prices makes them cheaper

The same principles applied to the introduction of the digital camera in 1975.  At that time, just like today WRT to oil and EVs, people said that digital cameras were too expensive and so they would stay with print film. People continued to invest in Kodak and it was paying a great dividend.

Fast forward to today and where is Kodak??  Now pretty much everyone has a digital camera on their phone - not to mention also being able to text and actually speak in person to someone (from time to time..lol)

Lesson learned?

It took about 20 years for print film to disappear and 25 years for Kodak to become bankrupt.

As I have mentioned before, in my lifetime, when I look around the world today most of what I see didn't exist when I was a kid.

Don't ever underestimate the power of change!!  If you do, you will most certaintly make bad investment decisions!!
Comment by mrbb on May 01, 2023 8:38pm
funny u gave a comparison of film vs digital photo. While cleaning up my dad's old closet, i came across some unopened expired boxes of 35mm film.  I sold them on kijiji for a good price. Is it really obselete? 35mm film for sale | eBay However, if i kept a 250MB SD card from my old digital camera, i surely would have lost money because nobody would want a sub 1 GB SD card these days ...more  
Comment by GingerEnergy111 on May 02, 2023 8:05am
Had to sign in to express an "ouch".  LOL I have to agree with mrbb today.  Sometimes @experienced gets to the point that it feels as if he is a plant for the globalists. I beleive we should hear from the late great Neil Peart - Red Barchetta...... GLTA today.
Comment by Experienced on May 02, 2023 9:06am
Thanks for your opinion. So I take it that you disagree with my last statement that shrewd investors take into account the power of change when making investment decisions. Good luck with that and I hope it works out for you.
Comment by treehill on May 02, 2023 10:08am
I probably have old unprocessed film in the basement that I haven't throw out. I am curious why anyone would pay for what appears to be junk.
Comment by Experienced on May 02, 2023 10:22am
Yep. A couple of weeks ago, I was cleaning out some old storage units in the basement (my wife wanted to get new ones - don't know why...lol). In one of them I found a whole bunch of VCR tapes and CDs and pitched them in the garbage.  In hindsight, I should have given them to mrbb and he couda sold them for me....lol The point is that sure, there are people who are collectors and will ...more  
Comment by meritmat on May 02, 2023 11:01am
I swear people have more money then brains  10 years ago when I must of had more money then brains I bought an upopened and graded 1979 O-PEE-Chee Hockey card pack (the Gretzky rookie card year).  Off EBay. An hour later reality set in and I'm trying to figure how to explain to my wife I spent 300 bucks US on a collectable......np I won't tell her.  Then tossed the ...more  
Comment by Experienced on May 02, 2023 12:09pm
Good story meritmat
Comment by Obscure1 on May 02, 2023 2:51pm
Geez, I think I bought the same set for each of my sons.  I hope they still have them. 
Comment by mrbb on May 02, 2023 12:47pm
on vintage items, one have to know what have value and what's not.  In cleaning out my parent's place, i threw out 3 black bins worth of VCR and audio cassette tapes over several weeks (black bin pickup is every other week here) and kept some unopened ones.  In the vintage and collectible space, one do have to know the market demand and what are junks.  However, there are ...more  
Comment by Experienced on May 02, 2023 3:18pm
treehill... From time to time we  a cleanup in the basement or my wife buys some new furniture.  Each week that we put out the garbage, there are people who come around and go through the garbage and take things.  So my definition of true junk is when we put something out and nobody takes it...lol Funny story.. A number of years ago we used to keep a whole bunch of used furniture ...more  
Comment by meritmat on May 02, 2023 4:19pm
  One man's junk is another man's treasure!!! Speaking of stuff that's junk that turns out to be worth a lot  Back in the day I had a little scotch collection.  Just had the bottles sitting around unopened.   15-18 years ago back in the young dumb days I was flying back from a trip chasing the ever important V.   I can't remember the airport but ...more  
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