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Suncor Energy Inc T.SU

Alternate Symbol(s):  SU

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

Comment by Skysohighon Oct 25, 2021 12:52pm
262 Views
Post# 34045692

RE:WTI vs WCS spread

RE:WTI vs WCS spreadWCS 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


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