Suncor Energy Inc. T.SU

Suncor getting record prices on crack spreads

[Clemxb7]

In its guidance Suncor quotes 4 regional crack spreads as reference. 

I can find only two actual quote (links below).
 
Both are in way record territory. Crack spreads have averaged below $20 for extended periods of time in the not too distant past. Now between $70 & $80.


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

[MigraineCall]

Yes, it is awesome! SU as a vertically integrated producer, selling refined product, and with that, largely avoids the $30 WCS/WTI diff crack spreads that are a current drag on the other CDN heavy oil exporters. I know you have been following this for a while, so this info may be basic and redundant, and is meant for others. A good explanation of crack spreads can be found here:  https

[meritmat]

Atta boy I cant stand to be in cash either.  3qt numbers right around the corner 

[Experienced]

ioGreat summary of the situation in plan English!!!  Thanks I must admit that I am still trying to figure out how the Europe situation will play out and this in part from what I would be the first to admit is a micro observation.  But here goes.  Would be happy to get your take on all this. In my recent trip to Spain, I observed the following - 1....diesel prices were about the

[MigraineCall]

I know a little of Spain, only been there 2 times too long ago, however I do know it is a lot cheaper than most european countries. Fuel is still available, diesel may or may not be subsidized as well as their  gasoline. Likely you may have missed the main travel holiday time on the Spanish Riviera this fall. Demand destruction also seems to take place at a much higher fuel price, as it

[Experienced]

Thanks as usual Migraine. True I missed the peak but the last time I was there was in May 2019 which was before the main tourist season but my observation was a difference this time when I went back down to the Costa del Sol.  In 2019, even in May, the roads were busy and they weren't now. I guess my point is that one needs to take a look at each country separately and not think of