Suncor Energy Inc T.SU

A Few Things

[Experienced]

A few people have responded to my post on the US election and this is welcome.

In fairness to them, I agree that most of the time it really doesn't matter who wins an election despite the media saying "this is the most consequential election".  Where I differ is that I do believe that the election coming up in the US is a battle between Marxism and Capitalism and a Harris election will mean 8 more years of a march towards Marxism.

We all know from history that Marxism doesn't work and more importantly for the people here as investors, this is not good news.  To me,this is why I as a pragmatic investor is watching this closely.  I recommend that others here do the same.

On this Board there also talk of Israel attacking Iranian oil infrastucture.  For sure if this happens there would be a spike in oil prices.  To me, in practical terms this is highly unlikely for a number of reasons.  I stated earlier that such an attack does not help Israel in the short run and so they have more immediate rthings to deal with.  Second, such an attack would likely spin the world into a recession which is bad for stocks and more importantly, if Israel did this they would not get support they need from the US especially if Harris wins the election in 30 days. So in practical terms, I would not make investment decisions on oil thinking that Israel will bomb Iranian oil targets.

[Offgridtrader]

I think it's unwise to assume a strike on the oil industry is off the table. It's a direct blow to the heart of money supply feeding Iran's proxies and absolutely crippling to their overall economy. A strategic long term goal of the Israelis. Plus those who will be effected the most are those currently buying the "sanctioned" oil at a discount *cough China*... China also

[Experienced]

Offgrid....good post and well thought out We will see how it plays out.   Right now the Israeli focus is to bomb the areas in Lebanon/Beirut where Hezbollah is and establish a buffer zone in southern Lebanon.  In terms of oil installations, an interesting wrinkle in all this is that the Indian navy has positioned three of their ships in the Persian Gulf to protect their interests (ie

[meritmat]

And the Dem are begging and pleading for them not to hit the oil facility's.   A spike in oil prices will pretty much guarantee a Trump win

[mrbb]

the flaw of democracy, people are electing a leader based on very short term objective, gas pump prices

[Offgridtrader]

Things will be very interesting over the next few weeks to months, the whole world seems to be holding their breath waiting for the next piece to move, and it's Israel's turn.    I for one am closely watching the political rhetoric from Netanyahu and Ali Khamenei more than anything. If both sides follow through with their public pledges of revenge it will trigger a hot war