Suncor Energy Inc T.SU

SU Nat Gas

[Grandcentral]

Can someone knowledgeable please comment on suncor Nat gas production and how the current price environment benefits them.
Thank you.
GLTA

[PabloLafortune]

Domestic, Suncor is a buyer of natural gas; they dont produce any afaik (unlike cnq and cve). (Some (minor qty) prodn offshore). They are negatively impacted by rising gas prices as its an input cost. To what extent is unknown.

[Grandcentral]

Thank you

[Vlosun]

1 SENSITIVITIES8 +$1/bbl Brent (US$) +$1/bbl NYH 2-1-1 (US$) +$0.01 FX (US$/C$) +$1/GJ AECO ($) +$1L/H Diff (US$) +$1L/L Diff (US$) FFO ($ millions) ~225 ~140 ~(160) ~(240) ~(25 - 30)

[maramos98]

From Q2 report: Suncor has updated its full-year business environment outlook assumptions for Brent Sullom Voe from $63 (U.S.) per bbl to $68 (U.S.) per bbl, WTI (West Texas Intermediate) at Cushing from $60 (U.S.) per bbl to $65 (U.S.) per bbl, WCS (Western Canadian Select) at Hardisty from $48 (U.S.) per bbl to $52 (U.S.) per bbl, New York Harbor 2-1-1 crack from $17 (U.S.) per bbl to $18 (U.S.)

[Vlosun]

from ccall, "The other thing I would say on the gas side, which you correctly said, everybody will face is we get a benefit on the other side of that through our power revenue, which is obviously tied to gas prices in Alberta. So we are -- theyre not part of revenue, theyre now captured in other that is included in our revenue line."