Suncor Energy Inc T.SU

Trans Mountain

[wreckhouse]

The mechanical completion of the Trans Mountain pipeline is expected to occur before the end of the year, with the pipeline coming online in-service during the first quarter of 2024.
A little bit of good news today .  BCRNW

[navajojoe]

But the tolls are going to be really high on that line. Not all good news, but great to have the extra export capacity, for sure.

[Experienced]

Yes good news indeed - long time coming. Haven't seen the numbers for the tolls but I would assume that the price differentials for the oil price will more than offset the higher tolls.  If they don't then the whole thing is a mess.

[newtonboy]

This whole thing is a mess anyway you look at it. The Feds ownership and control of this project defies all economic logic.  The previous owners KM are back in Texas back-slapping and high-fiving eachother in dis belief of the generosity and stupidity of the Canadian government. I'm still not entirely convinced this pipeline will ever be completed. When and if it does the disclaimer of

[Experienced]

Yes in a way the project is a mess with the cost overrruns etc. I guess the point I was trying to make is that if the tolls to offset the huge cost overruns still allow Cdn oil producers to ship their oil and make money then the pipeline is still valuable despite all the things that have happened.  If not then the whole thing is an unmitigated disaster.

[ztransforms173]

- there will be STRONG competition for shipping barrels between ENB Canada Mainlines and TMX pipelines - ENB will LOSE ~ 590,000 bbls/d of Mainline capacity to TMX and they have already given notice that their tolls are being DISCOUNTED next year - ENB is at a DISADVANTAGE since they are a REGULATED COMMON CARRIER (by montly NOMINATIONS) so they can't enter into FIXED LONG-TERM shipping

[MigraineCall]

Thankfully, the current regulatory process was not around in 1880's. If a railroad was needed to be built today from coast to coast to unite this land as a country, Western Canada would not exist. Canada's border with the US would probably be on the east side of the rockies somewhere.  TMX is another perfect example that we can no longer build anything in Canada anymore. It is

[marketsense]

Well said Migraine.   I and many others have observed how Canada's opportunities have been squandered and tossed away in a cavalier manner by our duly elected gov't.  Its an absolute travesty that we have minimally capitalized on our resources while we as Cdns have watched our standard of living erode away year after year. This story frustrates and saddens me but fails to move

[Experienced]

Very true Marketsense...this has been going on for a long time Over the past number of decades, I have travelled to Europe many times for vacations and to visit relatives.  During this time there has been a constant theme in my discussions with Europeans.  They cannot understand how a country like Canada with its bountiful resources and highly educated and skilled workforce is not

[meritmat]

  Yes very frustrating  I remember when I moved back home to my current job in the oil patch.  There was all this talk about these big LNG plants on the West coast.  Right on that's good for everybody.  Look at Australia as an example.  There making billions off them At about the same time the US starting looking into them to   10 years later the US

[Experienced]

Great point my friend! There is one LNG faciltity on the west coast of Canada.  When you look at all the potential gas in the Montney area - you just have to cry that the opportunity lost in getting all that NG to Asian markets.

[meritmat]

  Yup the company I used to work the past 10 years has 20 years of drilling up there.   Fun fact the gas is darn near given away after you pay custom process but the condensate is worth a fortune.  Used to be water disposal was in so short supply they were trucking it back to Edmonton area to be disposed off.   

[mrbb]

actually, canada was ahead of indonesia, US, australia, angola, algeria, Mozambique in LNG technolgy and tight gas exploitation.  Malaysia national oil company Petronas even bought out Progress Energy in 2012 planning to exploit and ship Montney gas back to asia. Canada also led in CNG fuel system design and products, with Westport and IFS headqtr'ed in canada. Alll these advantages

[Oldnagger]

I beg to differ , the Bontang Lng Terminal in Indonesia  was the first to be built. Best investment in my life Right up there with Crew and Nuvista IF Canada would be  more progressive , then I could do much better here. OTOH if it wasn't for thick heads like Trudeau then I never would have been able to buy these very valuable stocks so cheaply !! Bontang LNG Terminal - Global

[Oldnagger]

BTW as a follow up , the Indonesians are now building Ammonia export terminals as a replacement for LNG The Japanese (Mitsubishi ) have developed hign efficieny gas turbines that are able to blend in high concentrations of ammonia. The ammonia can be manufactured in conjunction with CCS.  An ideal opportunity for western Canada Too bad we are so dim witted !!

[Experienced]

Oldnagger....Interesting area for sure. Still early days but there are new technologies being developed that replace the Haber process to make amonia that don't require as much energy and replace the need for natural gas to supply the hydrogen atoms.  I think the new process will likely also reduce the CO2 emmisions as well. Guess the bottom line is that there are a lot of changes that

[Oldnagger]

As far as I know alternative processes for manufacturig Ammonia start with hydrogen as the starting block .There are many alternative processes for manufacturing hydrogen from coal to nuclear to solar ,wind , steam reforming ,cryogenic ,  PSA and one very clever method that the Japanese invented a long time ago, but I cannot recall the details. Decades ago , under the tutelage of a very

[Oldnagger]

P.s. The man I worked for was responsible for a large part of the Pointe Aux Trembles refinery design  I lost him as a boss when he was forced to leave at the time.(by assorted idiots ) He went on to do a large part of the design work for Syncrude !!

[Experienced]

Thanks Oldnagger.. I guess my interest in this is looking at it from some different angles. The technology I was reading about, while in the early stages, would require about two thirds the energy requirement compared to the Haber process and so this could have a big impact on the cost of say fertilizers for the agricultural sector and the process doesn't require NG as the feedstock. The

[Oldnagger]

Here are my very simple thoughts. With the very high efficiencies that are now available with gas turbines in combined cycle plants , 75 % of the CO2 that would otherwise be produced by coal fired plants is removed. Personally , I think it is way too complicated, unreliable and expensive to look for processes that probably do not have any possibility of achieving better results once full cycle

[mrbb]

i won't go into much detail but LNG is not the best way to transporting cryogenic NG around.  Same goes for hydrogen. Hydrogen does sound sexy because rockets and sun use hydrogen, why not at consumer level is how joe public think. Have so many friends and relatives keep telling me hydrogen is the way to go, just repeating the media narrative.  There are politic and business barrier

[Oldnagger]

I guess we both forgot Methanol as a combustion fuel. For purists it can be synthesized from CO2 and hydrogen Thus no net CO2 produced..As always there are other drawbacks , but my guess is that for the Climate change alarmists ,it would be more workable than transporting and storing hydrogen BTW methanol is already being used in many countries as a vehicle fuel component , although at present it

[Experienced]

From my perspective, this discussion undlines the stupidity of Governments mandating EVs when the whole energy ecosystem is complex and just like the natural ecosystem.  If you monkey around with one part - you scew up something else. From an investment perspective, this is why I have saying for a long time that people need to broaden their investment horizons and look for companies which

[mrbb]

coming from a financial world, i'm surprised you don't know what drive investors. Let me tell you then, it's about making green and the smell of it  Even elon musk, creator of tesla EVs, energy storage, space X, neuralink, starlink, boring co., knows without

[mrbb]

 reposting the link to smell of money - GIF - Imgur

[mrbb]

good point but i had purposely left out methanol in my last discussion. Yes methanol is pretty easy to make from NG and IMO much better way to distribute than LNG. Methanol can be converted to electricity too by fuel cel;, almost a perfect fuel.  However, there are several big knocks against methanol, the biggest 1 is there's no political nor commercial lobbyists to back methanol where as

[mrbb]

in daylight, methanol flame is practically invisible (3) The Horror of Methanol Fires | Last Moments - YouTube

[Oldnagger]

Holy graf Zeppelin Batman , If my memory is right they used to use methanol in the bunsen burners for high school labs . That was necessary to stop the students from drinking all the lab fuel supplies LOL

[mrbb]

that's why they put some methanol in rubbing alcohol so kids and the natives don't go partying with it.  With high taxes for ethanol, the natives now resort to buying lysol and mouth wash. You see, even with a good thing (like ethanol), gov'ts will tax it for your own good

[meritmat]

  Yup.  Used to use a menthol soaked rag tied on a chunk of tubing to light burners.  Very little flame.  Heard of a few guys tossing there fire stick in the back of there truck figuring it was out, only to have there back of the truck catch on fire hehe.  Never happened to me

[mrbb]

yes, many opec members have built LNG terminals many decades ago. Likely, I listed Indonesia because of the recent completion of Tangguh expansion. Tangguh LNG Terminal is an LNG terminal in West Papua, Indonesia.[2] Train 1 of 3.8 mtpa was completed in 2009, and train 2 of an additional 3.8 mtpa in 2010. An additional train of 3.8 mtpa is under construction and planned for 2023.[4][7] The

[bdeparde]

North America is a fortress (best place to live hands down), Canada is an amazing country, the oil patch is more canadian then ever! Patience the resource is in the ground, we will exploit it in time. I own a ton of SU looking foward to H2-2023.