Crack spreads in CDN$.The new normal?Friday, we closed at $50.85 on the 3-2-1 and $50.67 on the 2-1-1
At 4:00 p.m we are at $52.20 on the 3-2-1 and $51.49 on the 2-1-1
One year ago (July 25th),the 3-2-1 was at these crazy level $49.92 while
the 2-1-1 was at $52.94
It is anybody's guess as to how long these abnormal highly profitable refining
margins stay above their usual $15 to $18 but as a SU shareholder i welcome
them every day.
We have now been above $20 on the refining spreads since Feb. 17th 2021.
Is this the new normal(above$30)?