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.

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Suncor Energy Inc > WTI vs WCS spread

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Post by Obscure1on Oct 25, 2021 11:59am

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Post# 34045330

WTI vs WCS spread

When ENB announced that Line 3 would be increasing the daily flow from 360,000 barrels to 620,000 barrels per day beginning Oct 1, the spread narrowed down under $12

ENB has said that Line 3 is going to start moving to its full capacity of 760,000 barrels next week but now the spread is over $16.

I thought that the increased egress was supposed to reduce the discount that Americans force on Alberta simply because they can.

I'm hoping that the oil guys that read this thread will shed some light on this.

TIA

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