Suncor Energy Inc T.SU

The beauty of refining margins

[lifeisgood1010]

I don't know how long this will last but for now, the refining side and the weakening of the CAD$ is
more than making up for the small correction we are having on the oil side.

Two week ago(Aug 1st) WTI closed at $81.37 and our CAD$ was at 75.22 so we were getting
$108.18 and the 3-2-1 spread was at $55.04 CDN

As of this writting, WTI is at $79.90, CAD$ 73.93 so we are getting $108.08( the same as two weeks ago but the crack has gone up to $57.57 .

So Suncor should be even more profitable even though WTI is down $1.47

You may say it ain't much but we had a decent Q2 even though WTI and crack were way down
from last year and now Q3 is shaping up to be even better.

Half way in Q3 and WTI is $4.56 higher than Q2 and crack are even better at $7.23 higher.

Some will say, refining is a declining business.But for now and for many years to come, it looks like
the board took the right decision in keeping the retail side of the business

Life is good and getting better

[integrity11]

Excellent data. Thank you for sharing. Much valuable to this board than hearing about batteries .

[mrbb]

1 other thing i hate about battery, manufacturers will purposely format the battery to their brand. Take the common cordless tool brands, Makita, dewalt, milwaukee, ryobi, ridgid, black and decker, porter cable, hitachi, craftsman, kobalt, not to mention many other china generic brands, their batteries are all non-interchangeable. They went from Ni-Cad to Ni-MH to Li ion, from 7.2V to 9.6V, 12V

[Experienced]

 mrbb.....According to Consumer Reports, the average lifespan of a car EV battery is about 500K km or about 17 years for the average driver. How they know this is beyond me but if it is true then very few people will experience your last sentence. As for charging, there are basically two standards....TSLA and everyone else and even there there are adaptors.

[mrbb]

please quote consumer report correctly Consumer Reports estimates the average EV battery pack’s lifespan to be at around 200,000 miles, which is nearly 17 years of use if driven 12,000 miles per year. 200,000 miles equate to 323,800 km, not 54.4% more at 500,000 km. How does consumer report define a battery lifespan? A good defective free EV battery loses 1/3 of charge in 15 years

[mrbb]

1 more forecast, i place > 50% chance that Experienced would cancel his pre-order IONIQ 5 as cancellation deadline approaches. 

[Kman86]

The gentleman with the imaginary friend by the lake is pretty quiet these days. How convenient that this is occurring while  SU is breaking to the upside and the bloated pig of a stock, Tesla, is in a free fall. Let me guess, he sold close to $300 and will perfectly time the bottom.....comical