Post by
lifeisgood1010 on Aug 29, 2023 1:10pm
Q3 vs Q2
This morning, i took the time to do some calculations on uptream and downstream
profits estimates
On the upstream i used 640,000 bbls/day and with that, SU will make 26 cents more in
Q3 than in Q2
On the downstream i used 410,000 bbls/day and with that,SU will make 22 cents more
AECO Nat gas is still hovering in the $2.50 so another + for SU and our CDN$ is half a cent lower so another +
Maintenance in the refinery are over for 2023 so they are running full out...
I would not be surprised at all if Suncor shows an increrase of at least 50 cents/ share if not more in Q3 vs Q2
Staying long
Comment by
ztransforms173 on Aug 29, 2023 1:34pm
- WHAT about the 500 LESS EMPLOYEES in Q3 versus Q2 ? - on the NEGATIVE side, the WTI/WCS Price Differential is showing a NASTY DEGRADATION of MINUS USD 7 per barrel through that is QTD and NOT AVERAGE for QUARTER z173
Comment by
lifeisgood1010 on Aug 29, 2023 1:41pm
Yes, forgot that one too. Don't remenber the exact figures but Rich Kruger did mention the payback time of these layoff and it was less than 1 year.After Q2 they were already 1/3 done. So your 500 will probably be close to reality Plus let's not forget the CDN Tire deal that will add 17% more to the downstream business. Life is good