Post by
lifeisgood1010 on Aug 08, 2023 3:28pm
Last one on crack spreads
March 9th 2023,the high of the day for Suncor was $48.26.
On that day,3-2-1 closed at $47.83. 2-1-1 at $48.44 and WTI at $104.70
4 month later(today),Suncor is $6.72 cheaper at $41.54 while
3-2-1 margins are at $53.19
2-1-1 at $55.49 and WTI at $111.44
Refining margins have been high since Feb. 2021
Something as got to give.
Either we see a huge pullback in refining margins or we see a good appreciation on the SP of Suncor.
You know were i stand
Comment by
Clemxb7 on Aug 08, 2023 11:18pm
I hope this really isn't your last post on crack spreads! (lol) Looks like Suncor is just gonna have to use the shear power of massive money flow to power the sp higher. It's gonna happen. Canadian Oil is a very good place to future proof your money imo and Suncor is the grand-daddy of the Oil Sands.