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Suncor Energy Inc. T.SU

Alternate Symbol(s):  SU

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.


TSX:SU - Post by User

Comment by Clemxb7on May 17, 2022 6:27pm
164 Views
Post# 34690700

RE:3-2-1 crack spread a whopping $68.02

RE:3-2-1 crack spread a whopping $68.02The nice thing about Suncor is they mine the oil, crack the oil, wholesale the products and even retail the products. Money is being generated at every turn.

Last I was at the pumps I checked the price of diesel and it was at $2.02 / litre at Mobile.

I'm not an expert at crack yields though the formula states you get 3 from 3. Apparently Suncor's feedstock is good for diesel so when they sell their product at Petrocan they get a full retail price of $2.02 x 158.99 (litres in a barrel) = $321.15 (CAD) for a barrel of diesel with no middlemen involved. 

It only cost something like $35 for Suncor to produce a barrel of oil. Pretty sick profit margin.

Of course not all their oil is sold retail and not all of the barrel can be converted to diesel I'm just trying to  show how much cash is being spontaneously generated.

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