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.

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Post by Clemxb7on Aug 04, 2022 9:44pm

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Post# 34872989

Today's 2-1-1 cracks give Suncor's earnings staying power

Refinery margins for Suncor still historic highs, that is today August 4.

From the report: "Refining and Marketing (R&M) generated record adjusted funds from operations(1) of $2.127 billion in the second quarter of 2022, compared to $677 million in the prior year quarter."

Looks like this profit center is very healthy going forward. The 2-1-1 crack spread is $23 higher than RBOB 3-2-1 and the strip looks strong out a year. Those spreads imply very similar ongoing profit to above numbers.

https://www.cmegroup.com/markets/energy/refined-products/ny-harbor-heating-oil-crack-spread-calendar-swap.html

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