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 > Why is Oil Down

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Comment by mrbbon Jun 18, 2022 9:10pm

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Post# 34767146

RE:RE:RE:Why is Oil Down

Crack spread is still very good, went up some more after my last post

58.42

Change

1.25 (

2.19%)

3-2-1 Crack Spread (energystockchannel.com)

mrbb wrote:

the beauty of oil producers with downstream operation is the rarely talk about juicy crack spread which is still $52.89/bo today, that's still 2.65X of historical mean of $20/bo. Compare this with $110 WTI today versus $60 before the start of the oil run, that's a only a 1.83X. Crude oil is quite useless without refinement and refinery capacity is fixed. Disruption from hurricanes, fires and turnaround can impact petrol prices alot more than WTI price variation.