Bullboard - Stock Discussion Forum 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 and gas production, petroleum refining in Canada and the United States and its Petro-Canada retail and wholesale distribution networks... see more

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Suncor Energy Inc > Crack spreads still huge / oil averaging $108 USD March

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Post by Clemxb7 on Mar 29, 2022 10:58am

Crack spreads still huge / oil averaging $108 USD March

Crack spreads still huge (usually less than $20.

Oil averaged $108 USD in March. $95.15 for Q1.

Huge quarter coming up. $55+ stock price warranted.

I would think revenues should be up between $2.0 and $2.5 billion (CAD) Q1/Q4. Thats over and above the previous monster quarter.

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Comment by Bigbear7405 on Mar 31, 2022 11:57am

What are the crack spreads now for refining and where do you find this information?

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Comment by Clemxb7 on Mar 31, 2022 12:44pm

The crack spread is calculated by taking the futures (wholesale) price for a gallon of heating oil and multiplying by 42 (gallons in a barrel) then take the price for RBOB (Gasoline) – multiply that by 84 (number of gallons in 2 barrel units). https://www.cmegroup.com/tools-information/calc_crack.html Take that number and minus the wholesale price of barrel WTI multiplied by 3. ...more

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