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Suncor Energy Inc T.SU

Alternate Symbol(s):  SU

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

Comment by ztransforms173on Mar 26, 2024 9:08am
146 Views
Post# 35952594

RE:TMX....Suncor First Shipment

RE:TMX....Suncor First Shipmentfrom my MEG SH BB post:

^^^


Post by ztransforms173
on Mar 25, 2024 4:38pm
 
101 Views 
Post# 35951553
 

MEG (CNQ?) SELLS AWB To SINOPEC @ USD 4.50 Discount To BRENT

MEG has 20,000 barrels/day BOOKED CAPACITY on the TMX
&: 20000 bbls/d * 30 days = 600,000 barrels


CNQ has 94,000 barrels/day BOOKED CAPACITY on the TMX
&: 94000 bbls/d * 30 days = 2,820,000 barrels

ONLY MEG and CNQ PRODUCE Access Western Blend (AWB) barrels TRANSPORTED through the ACCESS PIPELINE 

MEG (CNQ?) ROLLING IN THE CASH

^^^


TMX crude active ahead of line fill: Correction

  • Market: Crude oil
  • 03/21/24

Corrects price of cargo in second paragraph.

A second cargo of Access Western Blend (AWB) has been heard sold to an Asia-Pacific buyer this week as Canada's long-delayed Trans Mountain Expansion (TMX) pipeline nears an expected second quarter start.

Unipec, the trading arm of state-owned Sinopec, was heard buying a 550,000 bl AWB cargo from TMX for June arrivalwhich was sold at less than $4.50/bl under August Ice Brent, though this could not be confirmed directly by Argus.

Earlier this week Sinochem was heard buying another 550,000 bl AWB cargo for June arrival at a $5/bl discount to August Ice.

Both cargoes were priced on a delivered ex-ship (des) basis, according to market sources.

The two cargoes represent a win for Canada's oil sands producers, who have been targeting a direct link to customers in Asia-Pacific. Heavy crude from Canada has previously had to travel through the US where it is re-exported at the US Gulf coast.

The federally-owned TMX line is still targeting an in-service date within the next three months, Trans Mountain's chief financial and strategy officer Mark Maki said on Wednesday.

Trans Mountain in late February made a call for a combined 4.2mn bl of crude from shippers starting in April as it prepares to fill the new pipeline, according to Canadian producer MEG Energy, a committed shipper on the line.

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