RE:RE:RE:SU Net profit rises $.085 (Q) per average $ increase WTIYes once a company has enough revenues to cover expenses - I believe with Suncor that’s around $35 barrel - every rise in oil price goes to the bottom line (minus royalty fees and taxes).
My rough calculation showed that for every dollar increase in oil about $.085 in profit is created per quarter for SU.
So oil is up almost $3 since market close yesterday. Profit should be up:
.085 x $3 = $.25 more in quarterly profit .75 on the year
Revenue increase on 1 dollar rise (annual) 750K (daily production) x 365 = $273,000,000
oil up $3 =$273,000,000 x 3 = $821 million increase in revenue annually extra based on today’s move. There are royalty costs and taxes and what not though most expenses are paid already