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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

Post by Clemxb7on May 13, 2022 11:00am
206 Views
Post# 34681504

Corrected Crack Spread is $265.51 (CAD)? Must be wrong.

Corrected Crack Spread is $265.51 (CAD)? Must be wrong.Yesterday I posted (bottom of post) though I made a HUGE mistake. I left out a barrel of diesel.

Actual Calculation should have been:

158.99 (litres in Barrel) x wholesale price of Diesel (1.67) x
158.99 (litres in Barrel) x wholesale price of Diesel (1.67) x 1
Minus $109.51 (WTI USD) x 1.31 exchange rate x 3 

Equals $531.03 + 265.51 - $430.37 = $265.51? Must be wrong! If I am not wrong holy cow are they printing money!

"The 3:2:1 crack spread is calculated by subtracting the price of 3 barrels of oil from the price of 2 barrels of gasoline and 1 barrel of distillate." Furnace oil and Diesel have substituted for gas and distilate because they mentioned on the call they are cracking a lot of diesel.

"To determine crack spread you take wholesale price diesel and multiply by 158.99 (litres in a barrel) and then the same for wholesale furnace oil and then divide by 3 times the price of a barrel of oil in CAD.

Diesel and heating oil are both wholesale selling in Toronto for  $1.77 litre. Oil is 106 x 1.31 = $138.86

 https://www.petro-canada.ca/en/business/rack-prices


Do the math and you get $104.79"


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