Suncor Energy Inc T.SU

wondering...

[parcheg]

Question to my learned friends on this BB: woth Olmeca refinery in Mexico startin up (therefore starving a few gulf states supply of heavy crude) iis anyone stepping up their holdings in SU at an almost year low SP?<br /> Askng for a friend...

[MigraineCall]

Yes, we discussed this before. When the Olmeca refinery is fully ramped up in a matter of a few months, it will displace about 350 kbpd of Mexican medium sours that were going to the gulf refiners. Add the 600 kbpd of Canadian heavy crude that will be displaced by TMX in end of 2023, and the US refiners will suddenly be short nearly a million bbls of feedstock. USGC refiners must then find

[Oldnagger]

If the cost of heavy crude feedstock goes up for competitors, then Suncor will benefit, just not sure by how much but with refinery thruput half of upstream , that should give us an idea .