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 > 321 Crack Spread plummets 50% in 30 days

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Comment by MigraineCallon Sep 28, 2023 12:06pm

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Post# 35659554

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

That is the link for the ULSD crack spread, not 221.
Diesel was strong, gasoline not so much.
ULSD went from 57 to 49, if I'm reading it right.

Agree, SU should still be strong for 23Q3, and stronger yet for 23Q4.

autofocus111 wrote: 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