SU Q1 Report Wk - Upward Trend Begins ? Great to see value added posts from Matt today as there sure seems to be a whole bunch of irrelevant posts by what it seems are posters who likely don't hold any SU shares. I am looking forward to Suncor Q2 report this week. Plus we are all looking forward to the commencement of the filling of Transmountain Pipeline which is scheduled to start this fall (October/November). This has to be very significant to those producers with contracted volume on Transmountain (Su. CNQ, CVE and I believe MEG). So far have not been able to track down the exact volumes for each producer although I have seen the contracted volumes in the past.
I don't know for sure but I believe these shippers including SU should be getting the Nymex price vs Western Canadian Select. This is huge. Because of ballooned cost of the pipeline the transportation cost will be large but imo it should be a
great improvement over the WCS.price.
I believe when the pipeline starts flowing in hopefully Q1 2024 that the differential between Nymex and WCS should narrow which would help all WCSB oil producers.
Yes Matt imo SU share price will soon be on the incline and some will regret not buying instead of complaining . But of course there are no guarantee and there can always be negative surprises .