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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.


TSX:SU - Post by User

Suncor Energy Inc
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Post by Clemxb7on Aug 04, 2022 9:44pm
418 Views
Post# 34872989

Today's 2-1-1 cracks give Suncor's earnings staying power

Today's 2-1-1 cracks give Suncor's earnings staying power Refinery margins for Suncor still historic highs, that is today August 4.

From the report: "Refining and Marketing (R&M) generated record adjusted funds from operations(1) of $2.127 billion in the second quarter of 2022, compared to $677 million in the prior year quarter."

Looks like this profit center is very healthy going forward. The 2-1-1 crack spread is $23 higher than RBOB 3-2-1 and the strip looks strong out a year. Those spreads imply very similar ongoing profit to above numbers.

https://www.cmegroup.com/markets/energy/refined-products/ny-harbor-heating-oil-crack-spread-calendar-swap.html
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