Suncor Energy Inc T.SU

Irving Oil,QuantumScape,SolarEdge

[lifeisgood1010]

This sale is not for tomorrow, but it will be interesting to see who get Irving and
more importantly at what price.
As for solid state battery,QuantumScape(Symbol QS) after putting tons of $ in developing
this technologie does't seem to be doing well.I am no expert whatsoever in SSB but the chart 
of QS speak for itself.I have put the chart below.

Oil will be needed for tens of years to come and O&G stocks will do fine as an investment.

Look at what is happening so solar stocks this morning.SolarEdge technologie(SEDG) is droping 27% as i
am writting this post
At the heart of New Brunswick’s industrial landscape, an emblem of Canadian enterprise quietly shifts gears. Irving Oil, a dominant force in the region, is experiencing significant leadership changes as Arthur Irving and his daughter, Sarah Irving, step down from their pivotal roles. The ripples of their departure resonate far beyond the boardroom, as the company navigates the turbulent seas of federal environmental regulations and a strategic review that could reshape its future.

A Legacy of Fuel and Fortune

Rooted in the soil of Saint John since 1924, Irving Oil was the brainchild of Arthur’s father, K.C. Irving. Today, it operates Canada’s largest refinery and employs over 4,000 people, making it one of New Brunswick’s largest employers. The company’s sprawling operations extend across Eastern Canada and New England, with over 900 fueling locations and a robust distribution network. The Saint John refinery, a crown jewel valued at approximately $2 billion, processes approximately 320,000 barrels of oil per day, making it the largest emitter of greenhouse gases in New Brunswick.

Challenging Times, Changing Tides

The Irvings’ departure comes at a time when the company is under the microscope, grappling with increasing federal environmental regulations. These include a carbon tax and clean fuel standards that have added layers of complexity to the business landscape. The strategic review, initiated in June, considers various scenarios, including a full or partial sale of the company.

New Brunswick Premier Blaine Higgs, a former Irving Oil executive, has suggested that these policies may have catalyzed the family’s decision to reassess the company’s trajectory. The leadership changes, he noted, signal a transitionary phase for the business, with significant decisions looming on the horizon.

A Region on the Edge

The uncertainty enveloping Irving Oil’s future has implications that reach far beyond the company’s industrial confines. The potential restructuring or sale of the company could trigger seismic shifts in the regional economy, affecting the livelihoods of thousands and the fiscal health of eastern Canada and the U.S. The Saint John refinery, in particular, is seen as a significant asset that could attract potential buyers.

The leadership changes at Irving Oil have underscored the evolving energy landscape and the challenges that lie ahead. As the company embarks on this new chapter, the outcome of its strategic review will not only determine its own future but also shape the economic and environmental contours of the region it has powered for nearly a century.

[Experienced]

lifeisgood....yes - Although not perfectly comparable for various reasons, the price that Irving gets will be an important marker in the true valuation of SU in terms of their downstream assets. While I agree that there will be a need for oil for the foreseable future, with the world transitioning to a less carbon centric world, I remain unconvinced that in the universe of all possible

[Franman184]

Remember that the current supply of oil serves 1 billion of the population. 7 billion are looking to improve thier quality of life and the lever to do that is energy in any form. However most people will lean towards the least expensive form of energy. The world doesnt have enough oil to serve everyone so other forms of energy are in desperate need.

[lifeisgood1010]

Again, thanks for your input. This am, while having breakfast, i was listeneing to J.Kernen of CNBC. True or not, he said that the need to transform to solar and wind would require metals that would need to go 200 time the circle of the earth. And that most of these metal requirements would be produced in China with coal. Again i don't know the accuracy of this statement but i know that a

[Experienced]

Don't know for sure but I don't think that China itself has a lot of the raw materials needed but through there investment in 3rd world countries, they pretty much control most of the world's supply. So his point about that is well taken. As for cycling, I will be outside today. Now I'm transitioning to curling (3X) per week and onto my indoor bike trainer for shorter more intense

[lifeisgood1010]

Wow! Been in Provence a few times but never with my bike. This is the kind of trip every cyclists would like to do at least once in their life time Have a good one

[Experienced]

Thanks lifeisgood. Just a point of clarification, the ride itself is not in Provence.  It is west of the Rhone River in the mountains there (hence Central Massif).  Although, while in Provence I plan to "escape" (lol) and climb Mont Ventou once again.  Last time I did it was about 7 years ago and so it will be interesting to see if I can still make it to the top at my age

[lifeisgood1010]

Yeah, at our ages, we are no Pogacar.Still to be able to do Ventou is quite an accomplishment. Here in Montreal, i go on Mt Royal to do my climbing(Camillien Houde) The UCI pro racers that do the race in September climb in about 3m 50 sec. I do it in about 7m. 30 sec.Not in their league whatsoever but still enjoying it. Have fun and wishing you great weather. Leaving in half an hour for my

[bttmfischer]

It is a lovely part of France, although I thought Aix-en-Province was a bit less than other parts of France like in the Loir  valley. A friend of mine(a surgeon) did do there on his honeymoon, and biked for two weeks. I drove a leased Renault. 

[Experienced]

Agreed...Aix is a university town and as such is somewhat unremarkable IMO.  When we go Provence we stay a bit farther north around Rasteau and Sablet.  This time I rented a small villa not far from Gigondas overlooking the Dentelles de Montmirail where there is great hiking and of course some of the best vineyards in France.

[treehill]

I'll make a note of that place. Six weeks ago (end of first week in September) we were in the Luberon area for a number of days. We stayed in Menerbes, which was peaceful and very nice, but when we came down from the hill and drove around the general area, it was crawling with people. Way too crowded now, and we likely won't go back.