All I see at SU is a never-ending saga of maintenance problems. Pathetic,
CALGARY, Alberta, May 2 (Reuters) - Suncor Energy Inc , Canada's largest oil company, said on Thursday that some of its retail stations in Western Canada have run out of gasoline because work at the company's Edmonton, Alberta, refinery cut the 140,000 barrel per day facility's ability to produce the fuel.
The refinery is currently in a planned maintenance turnaround but had expected to continue producing gasoline during the shutdown. However, during inspections Suncor found corrosion in a line leading to a flare, forcing the closure of the gasoline unit for repairs.
They created a 47 BILLION Dollar Company going after a new technology area in energy and you call this Pathetic??? What have you done to generate Thousands of Jobs, Supply energy to the world, Generated PROFITS that can now be leveraged to many other projects that will only PROMOTE more Jobs and Energy to the World???? PLEASE-step back and take a look at your views. What they do is NOT EASY and it takes a TON of equipment and talent to make it PROFITABLE!
I remember in the early '70's my step-father, who worked for Sun Oil, which barely exists now- they spun everything off- going up to Alberta and telling me about the huge hurdles they had to overcome. The cranes which scoop up the glop the German manufacturers didn't make to spec., because they didn't believe that it got down to 60 F. below, so the equipment was wearing out and breaking down really quickly.
Boy do I wish I had bought some SU shares in the '90's! My house would have been paid off, I'd be driving a new car using the dividend to make the payments!