Suncor Energy Inc. T.SU

Alternate Symbol(s): SU

Energy Oil & Gas Integrated

Suncor Energy Inc. is a Canada-based integrated energy company. The Company's segments include Oil Sands, Exploration and Production (E&P), and Refining and Marketing. Its operations include oil sands development, production and upgrading, offshore oil and gas production, petroleum refining in Canada and the United States and its Petro-Canada retail and wholesale distribution networks, including Canada’s Electric Highway, a coast-to-coast network of fast-charging electric vehicles (EV) stations. Petro-Canada has a network of over 1,800 retail and wholesale locations across Canada, providing customers with a wide variety of fuel and service offerings including low-carbon fuel options. It is developing petroleum resources while advancing the transition to a low-emissions future through investment in power and renewable fuels. It also wholly owns the Fort Hills Project, which is located in Alberta's Athabasca region, approximately 90 kilometers north of Fort McMurray.

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Suncor Energy Inc. > Why is Oil Down

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Comment by mrbbon Jun 17, 2022 4:48pm

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Post# 34765758

RE:RE:Why is Oil Down

the beauty of oil producers with downstream operation is the rarely talk about juicy crack spread which is still $52.89/bo today, that's still 2.65X of historical mean of $20/bo. Compare this with $110 WTI today versus $60 before the start of the oil run, that's a only a 1.83X. Crude oil is quite useless without refinement and refinery capacity is fixed. Disruption from hurricanes, fires and turnaround can impact petrol prices alot more than WTI price variation.

Looking at the oil price drop today, it didn't hit WCS hard at all but the oilsand producers got hit hard on WTI and Brent price drop.

WTI Crude 110.22 -7.26 -6.17%

Brent Crude 113.59 -6.22 -5.19%

WCS 101.15 -0.06 -0.06%

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