+17% but when? + cracks spreads calculationAs a SU shareholders i have been fueling for many years at PC.
For me,i always buy from a company i am invested in.
I should't be investing in a company if i can't or don't buy their products
At the same time, can't blame others if they can save $ in fueling elsewhere
As for the good news in SU today.Cracks are now at $35.29 CDN for the 3-2-1
an the 2-1-1 stands at $40.17 CDN as i am writing this post.Haven't seen $40+ since Sept. 2023
on the 2-1-1.
Also, while nat gas is only a small input cost for SU, the low price is adding to earnings.
The last time i did a dirty back of the envelope calculation, AECO was well above $2
and the low nat gas price was adding about 10 cents to EPS.now it must be a bit more.
That is not a game changer but it is still one more positive to SU story
AECO was $1.76 friday and Henry hub is at rock bottom even if we are in FEB.
Another + is our weak CDN$
Below is a link that shows Henry hub price since 1997
Henry Hub Natural Gas Spot Price (Dollars per Million Btu) (eia.gov)