Suncor Energy Inc T.SU

Some Thoughts - Part 2

[Experienced]

EVs

Right now the decision to purchase is an EV is really all about the math and the length of time for payback.  At the time I put my pre-order in for an IONIQ5, the payback period was about 2 years.  This has subsequently risen to 4-5 years.  Now everyone, has their own threshold for what a reasonable payback period is.  In my case 4-5 years (at my age is too long...lol).  However, despite the assertion from a "know it all poster here" who will remain nameless and claims to know my personal affairs...lol, I still have my order in but have taken steps to delay the purchase to see if the math changes.

In terms of investment in an oil company, the EV factor considerations really depends on your investment objectives and whether you are a long term investor or not.  In the shorter run, it is likely that basic global economic activity is likely to dominate such decisions.  Over the longer run, despite all the current issues/problems related to EVs which have been discussed here, unless Governments around the world change their current policies, none of that will matter since ICE cars will be legislated out of the market.

[Marty47]

Hey every time you wait 1 years before buying an ev , the price is down by 10% and the bug come out and you finally see what is the best , I think people should buy Toyota or Honda in ev , they are waiting and see the rest hit their nose and when they jump they will get reliability and good resale value , Toyota came out with a new gas engine , we have 1 billion people that don't have access

[Experienced]

Marty...yep Besides the math another consideration in my decision to move back down in the waiting list is to see if Toyota can deliver on their plans for a solid state battery.  Must admit that I am not 100% confident that they can deliver in the announced timeframe but if they do it is my opinion that such a battery will address many of the current concerns about range and charging speeds.

[mrbb]

i could have told u that years ago. The real working horse in hybrids is still from ICE powered by petro.  However, it's great to get free money (incentive) by having the car rebranded as hybrid and make eco campers all feeling good inside. With the threat of cheap chinese ev neutered from the recent tariff increase, i don't see the need for tesla and S.Korea to lower their ev

[mrbb]

people live in glass houses shouldn't throw rocks around the 'know it all' person is you, who keep reminding us over and over again how pragmatic investor you are, how great was your private investment that exploit the electrification transition. I think it's the 3rd or the 4th time that you gloated about it here, SU forum. Just for the record, i never gave any financial or stocks

[meritmat]

Agree with most of what you said But I don't believe for a second that ICE vehicles will be banned.   It makes for good conversation but there's no way the Joe public will go for it 

[Experienced]

Merimat...possible We will see if there is a reversal or not. That said, for long term oil stock holders you will need a reversal along with the other things I talked about in order for SU and oil stocks to outperform alternative places to invest your money.

[mrbb]

well, he's pragmatic, only sees the now but projects himself as visonary.  He labels other as know-it-all but he himself never short of commentary including subjects out of his lead, even while on vacation, oversea, with wifey to tend to too,  A real life Renaissance man.  

[mrbb]

the writing is on the wall. Common sense person can see that a mile away. (while some can not) Climate change: Dutton to pull Australia out of Paris Agreement (smh.com.au) Trump already done so in 2017 On June 1, 2017, US President Donald Trump announced that the United States would cease all participation in the 2015 Paris Agreement on climate change mitigation pierre