Athabasca Oil Corp T.ATH

This is huge for Canada and WTI oil. Suncor off line.

[bosstrade]

Syncrude Canada Ltd., a light crude producer majority-owned by Suncor Energy Inc., cut September supplies due to a mechanical disruption at its oil sands site, according to a person familiar with the situation.  In a force majeure notice sent by one of Syncrude’s four owners earlier this month, customers were informed of a supply cut of as much as 20% in September, the person said, asking not to

Read more at: https://www.bloombergquint.com/markets/syncrude-oil-sands-supply-cut-adds-to-north-american-disruption
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[senseimike]

I think i did the math and it's like 40K bbl or 1% of canadian production. Nothing to write home about. 

[bosstrade]

40 bpd is a lot.  Regardless, without any word on financing, this is not going to get much traction.  WTI over $73 should have this trading well above $1.

[MigraineCall]

Old news, but thanks. The new news is that Suncor is buying out the other Syncrude partners to become sole owner. Time to show the pushy Chinese the door everywhere until they free the 2 hostages, Michael Spavor and Michael Kovrig.