HEART Of SU SUCCESS: FEED The MONSTER UPGRADERS- JOB #1 of Suncor Energy:
* RUN the UPGRADERS AS HARD AS YOU CAN KEEPING THEM WELL FED with BITUMEN and PREFERABLE as MUCH as the Fort Hills FEEDSTOCK as POSSIBLE
CEO INITIATIVE:
* BENCHMARK ALL TURNAROUNDS (including the DOWNSTREAM ONES) and RATE SUBCONTRACTORS on QUALITY OF WORK, DURATION and EXPENSE
* this 'SEEMS' like an OBVIOUS THING TO DO but the PREVIOUS Suncor Energy SENIOR MANAGEMENT DID NOT DO IT
- with Rich Kruger; EVERYBODY is ON THE STOPWATCH, EXPENSE METER and QUALITY OF WORK ASSESSMENT
* the SUPERIOR PERFORMERS will BE REWARDED and the SUBPAR ONES will be DOWN-SELECTED
- CEO has EMBARKED on a MASSIVE DEEP DIVE INSPECTION ANALYTICS on the WAY Suncor OPERATES on a DAILY BASIS ACROSS ALL BUSINESS SEGMENTS
* EVERYTHING IS BEING LOOKED AT (pipeline contracts, railway contracts, truck contracts, turnarounds, how they mine the bitumen, how they operate the upgraders, offshore, refining, marketing etc.)
MyTake:
- CEO is REALLY WARMING UP to SAGD, SOLVENTS etc. {this is CONTRARY to POPULAR "PERCEPTIONS"}
* he MENTIONED in the CC that he GOOD VIBES on the FIREBAG SAGD asset
- they are SO BUSY INVESTIGATING, MODELLING and DIGGING IN that they have NO TIME for an ANALYST DAY (which was ASKED in the CC)
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