Suncor Energy Inc T.SU

Some First hand Experience

[Experienced]

There were a lot of skeptics about the first horseless vehicles..

Will it be any different now?

Who knows?

Place your bets in the biggest casino in the world...

https://www.saturdayeveningpost.com/2017/01/get-horse-americas-skepticism-toward-first-automobiles/

[nukester]

I always love when folks "Trot" out the horse analogy  :-) If we are going to talk horses, lets also talk hay production! Hay is fuel horses as oil is fuel to I.C.E. automobiles. So lets take a historical look at the production of hay after the advent of the automobile in the United States: O.K. Class who can tell Nukester what happened to hay production after I.C.E. vehicles

[Experienced]

nukester.....guess that would work if there weren't any other things that ate hay...like...let me think...cows?

[Experienced]

 But seriously nukester... The investment landscape is littered with things that take market share from other things.  If you think that that isn't isn't going to happen to oil then I wish you all the best!! Investment money is made going with things that are increasing their market share not things that are losing market share.  Back in the 70s people were skeptical that

[mrbb]

using your logic, ICE cars aren't the only things that consume oil.

[malx1]

Nukester - I often wonder why we have $79 oil during a recession... Loose markets!! LoL When oil is $100, many "experts" will be touting SU at $80cdn. Better late than never, right? "Capital Starvation" the Energy theme as we reemerge from pretentious sea-floor ESG rankings to BNN's market darling long after the stock has doubled. Prices will march higher, energy

[mrbb]

All that supposed rapid pace EV sales last couple of years, oil demand is still chugging along. With the pending recession, i see more people holding on to their current ICE automobiles although they might drive less due to unemployment.  Hence the 2024 oil demand forecast is a smaller increase than from 2022 to 2023 but it isn't bad considering recession AND continuous EV sales. 

[mrbb]

pasting the image link again [img]https://substackcdn.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F19e1c56b-1e2d-429e-b210-acf3d6eb2758_946x669.png?utm_source=substack&utm_medium=email[/img]

[mrbb]

not popping up here is the raw link https://substackcdn.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F19e1c56b-1e2d-429e-b210-acf3d6eb2758_946x669.png?utm_source=substack&utm_medium=email

[nukester]

Malx, I agree Capital / Capex starvation in the energy patch has become self evident. Like many ideas relegated to the dust bin of history, the ESG movement will implode from within.   One more failed attempt at ignoring the individual human instinct to improve the quality of the individuals life. Humans instinctively crave cheap and abundant energy.  Ignoring an obvious need for