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 > 321 Crack Spread plummets 50% in 30 days

<< Previous

Bullboard Posts

Next >>

Comment by autofocus111on Sep 28, 2023 11:39am

125 Views

Post# 35659445

RE:RE:321 Crack Spread plummets 50% in 30 days

From Q2 earnings presentation p.14 FY23 price assumptions and senstivities, I'd say we're good for Q3. SU doesn't have 321 crack in their dataset, only 221

>>>
Business Environment
Brent $85/bbl
WTI-C 80
WCS-H 61
NYH 221 Crack 32
AECO-C 2.50
FX 0.76

AFFO Sensitivities
Brent +1$ 180M
NYH 221 Crack 140
FX +0.01 -200
L/H Diff +1$ -30

NYH 221 Crack spread futures prices and charts can be found at the following link. Looking at Sept expiry, it has dropped from ~57 to ~49 in the last month

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

<< Previous

Bullboard Posts

Next >>

Quantum eMotion leaps by 20 per cent after Becton Dickinson deal