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 and gas production, petroleum refining in Canada and the United States and its Petro-Canada retail and wholesale distribution networks, including Canada’s Electric Highway, a coast-to-coast network of fast-charging electric vehicles (EV) stations. Petro-Canada has a network of over 1,800 retail and wholesale locations across Canada, providing customers with a wide variety of fuel and service offerings including low-carbon fuel options. The Company is developing petroleum resources while advancing the transition to a low-emissions future through investment in power and renewable fuels. It also wholly owns the Fort Hills Project, which is located in Alberta's Athabasca region, approximately 90 kilometers north of Fort McMurray.

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Suncor Energy Inc > WTI vs WCS spread

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Comment by Skysohighon Oct 25, 2021 12:52pm

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Post# 34045692

RE:WTI vs WCS spread

WCS hasn't fallen recently. I'd say the rising spread has more to with WTI rising faster with Cushings inventories getting very low. Line 3 doesn't do much to directly replenish Cushings. Anyway, I wouldn't sweat the minutiae, what we really need is for Suncor to report good earnings this week with no surprise operational issues. That's most important for the sp.

Obscure1 wrote: 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