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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Paul Senior who wrote (55034)	1/18/2021 1:19:13 PM
From: E_K_S	Respond to of 78483

Re: Suncor Energy Inc (SU) Not sure you still own this one but my position has done a reverse splt and no w/ a cost basis of $53.88/share, I am wondering on this news if I s/d double up on my underwater position. I stumbled on some research plots out in those Oil Sands where they convert that messy oil directly into hydrogen. Probably the reason why I still hold on to my investment there. Could get a bounce from any Green New Deal initiative, Oil Sands Producer Eyes Hydrogen Exports Canada has the potential to become a top hydrogen exporter and shake off a reputation of global warming offender. That this vision is beginning to gain traction in the heart of the country’s oil patch goes to show how the world’s energy transition is taking center stage with growing pressure from consumers and investors — even if it’s still unclear how long it will take until cleaner sources will have enough scale to displace crude and other fossil fuels. Proton is testing its zero-emissions technology on a well in Saskatchewan that could reach output of as much as 20 tons of hydrogen a day this fall, Chief Executive Officer Grant Strem said in an interview. A facility the company aims to build in the next two years could produce 500 tons per day at a cost of about 10 Canadian cents (7.6 cents) a kilogram, compared with $1 to $3 per kilogram for the currently cheapest method, he said “As far as I know, it’s the only path that can lead to hydrogen production on a gigajoule basis that’s less expensive than natural gas,” Strem said. -------------------------------------------- Researchers develop large-scale, economical method to extract hydrogen from oil sands and oil fields SUNCOR ENERGY is a world leader in mining and extracting crude oil from the vast oil sands deposits of northern Alberta. They also explore for, develop and market natural gas, operate a refining and marketing business in Ontario, and are actively involved in the development of renewable energy sources to help meet the energy needs of tomorrow.

To: Paul Senior who wrote (55034)	10/19/2023 11:52:48 AM
From: E_K_S	Read Replies (1) \| Respond to of 78483

Re: Suncor Energy Inc(SU) vs Canadian Natural Resources(CNQ) sold 90% of my SU and moved the proceeds into CNQ CNQ has twice the market cap of SU. Both have similar operations Canadian Natural Resources Ltd. is an oil and natural gas production company, which engages in the exploration, development, marketing, and production of crude oil and natural gas. It operates through the following segments: Oil Sands Mining & Upgrading, Midstream & Refining, and Exploration & Production. The Oil Sands Mining & Upgrading segment produces synthetic crude oil through bitumen mining and upgrading operations. The Midstream & Refining segment focuses on maintaining pipeline operations and investment. The Exploration & Production segment consists of operations in North America, largely in Western Canada, the United Kingdom portion of the North Sea, and Côte d’Ivoire and South Africa in Africa. The company was founded on November 7, 1973 and is headquartered in Calgary, Canada. Canadian oil companies, lighter in debt, have cash to spare despite falling prices After a bumper year of share buybacks and dividends, investors in debt-light Canadian oil and gas producers are set to reward shareholders even more in 2023 as they generate ample cash and show little appetite for acquisitions. CNQ mentioned in the article as one of the companies paying down debt and growing their dividend. Pretty much a lateral move out of SU and into CNQ and you get more of the mid stream & refining components. I like the idea that management is paying down debt in this high interest rate environment w/ the goal to return that back to the shareholder, FWIW, been in SU for years w/ different Buys some as high as $70 - $80 per share and got my avg cost down to the current level. Will see if CNQ can performed better. You are paying a slightly higher PE and get a slightly lower div than SU but s/d see debt go to zero (at least according to the article).