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. > Crack spreads

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Comment by lifeisgood1010on Aug 18, 2022 10:52am

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Post# 34904719

RE:RE:Crack spreads

Fully agree with you Clemxb7.As i write this post, the 3-2-1 spread is $45.05US or $58.20 CDN.

I have been traking this since 2007.My data base is huge and i can say with certainty that

SU is making more than 3 times the avg return on their refining units.

I think many short term traders got in prior to aug. 4th in expectation of a boost of the dividend.

Bloomberg had the analysts consensus of the dividend going to 52 cents.

I am sure many got in for a bump in the SP and since the hike did not occur and the stock did not

go up initialy they sold.

This selling is probably over for the most part.

SU will not trade at this ridiculous low valuation.With 1 1/2 month behind us at these juicy spread,

we will once again see a great Q3.

This stock will be in the 50's sooner than later.

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