Suncor Energy Inc T.SU

Congratulations

[Obscure1]

First off, congrats to those who have held SU through the last couple of years as the $83 WTI has to be heartwarming. 

In a bit of a somber note, Shell announced that they are divesting 500 gas stations in 2024 and another 500 in 2025.  The company also announced that they are expanding EV charging and convenience store offerings. 

IMO, the above information is more of a trend thing to watch as opposed to something to be alarmed about.  Selling off or closing 1,000 gas station only represents 2.1% of their 50,000 gas station.

[Marty47]

Y'a as I said before having ev charging station will required some convenience store around cause people wait in line to get their car charged and after that wait during charging time , this will required all kind of junk food to keep the kids happy waiting in the car , maybe nail salons at shell station would be good to while women wait to get the car recharged , I would get some barber shop

[Donwaan]

Selling/closing 1,000 of their 50,000 gas station, while true a mere 2.1%, what is the trend? What about the SU/PetroCan Electric Highway? What will filling stations look like in 10 years? Go on take a guess.

[integrity11]

This sounds like one of the battery pts under a different name. Also into split shares like a frequent poster on this board . Not saying there is anything wrong with split shares.

[mrbb]

yup, congrats to those who ignored all the bufffoonery that EV gonna make oil companies and their downstream business going extinct. Reality is oil consumption is still up, gas stations are just changing hands to those who are more specialized in that business. Selling of gas stations don't mean those gas stations disappear. Expert trolls think that's proof petro demand is on the way