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 > Record Crack spread $68.74

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Comment by Bigbear7405on May 05, 2022 4:09pm

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Post# 34660005

RE:RE:RE:RE:Record Crack spread $68.74

Don't distilates building during the summer and gas goes down?

Clemxb7 wrote: Such high crack spreads indicate really high demand for product which means high demand for crude. It does not seem to be slowing down in April.

The Weekly Inventories Report yesterday said distilate is 22% below 5 year average at the beginning of drawdown season. That might have something to do with it.