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Suncor Energy Inc T.SU

Alternate Symbol(s):  SU

Energy Oil & Gas Integrated
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 production; petroleum refining in Canada and the United States; and the Company’s Petro-Canada retail and wholesale distribution networks (including Canada’s Electric Highway, a coast-to-coast network of fast-charging electric vehicle (EV) stations). The Company is developing petroleum resources while advancing the transition to a lower-emissions future through investments in lower-emissions intensity power, renewable feedstock fuels and projects targeting emissions intensity. The Company also conducts energy trading activities focused primarily on the marketing and trading of crude oil, natural gas, byproducts, refined products and power. It also wholly owns the Fort Hills Project, which is located in Alberta's Athabasca region.


TSX:SU - Post by User

Suncor Energy Inc
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Comment by Stockemupson Oct 29, 2020 4:07pm
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Post# 31807469

RE:RE:Just from BNN. WCS is at .26 and Suncor's BREAK EVEN is $41

RE:RE:Just from BNN. WCS is at .26 and Suncor's BREAK EVEN is $41
MMLilo wrote: The break eaven is based on WTI USD/bbl
WTI -WCS = Diffs
WTI spot Price: 36ish USD The Diffs is ~10 USD so WCS is at 26 USD
Divided by average FX of 0.75 = ~35 CAD/bbl
in last couple of years WTI-WCS Diffs were trading on average of 18 USD (15-20 USD)
Currently is sitting at 10 USD/bbl tighter Diff so WCS realized prices at WTI of 40 is similar to WTI of 45 on average compared to last couple of years historical average.
As PEMEX anounces that will cut heavy supply to GOM refinaries market expect the Diffs improve further in near future so better realized prices.
Soon the 150 mbbl/day (Shut-in Due to turn around) comes back online the opex will get back to normal levels and net backs improves further (The fixed componenet of the opex for 600 mbb/day and 750 mbbl/day is pretty the same, so 150 mbblish per day comes back mostly at  incremental varibale cost)



Ya topadvise NOTHING. Take that!
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