Suncor Energy Inc T.SU

Hope some took profits at 56$

[Marty47]

No matter what when suncor hit 56$ was a good opportunity for some to sell and buy back later , I sold at 53 in spring ......I'm looking to jump back in at 40$ , the yield would be good to wait

[ztransforms173]

- so you are 'EXPECTING' WTI to DROP UNDER USD 60 per barrel ? - the DEVIL-WORSHIPPERS will have to CREATE another DEMAND DESTRUCTION FEARMONGERING EXTRAVAGANZA - WILL the people FALL FOR IT ? z173

[Marty47]

March 22 2021 suncor was at 40$ and wti was at 60$ so we are not far away isn't , I'm an opportunist before I sold at 53$ I bought at 23$ now 40$ may not be so far even 30$ if wti hit 50$ now I don't wish it happen but hey I'm a patient boy to buy and patient to sell I take risk once yield give me 6 to 7% so I get paid to wait to sell . 

[pooltec]

some yes wish I took all

[PabloLafortune]

The advantage Suncor has over its peers are its Canadian refining and retail operations. The gas price in Vancouver is $1.72 per litre today. The gas price in Texas is US$2.21 per gallon excluding 18 cents per gallon tax or 79 cents per litre. So either there's a lot of tax, a lot of profit, or both in Canada.

[mrbb]

why don't you compare petrol price between alberta versus california??

[PabloLafortune]

I use Texas because if you remove the 18 cents per gallon tax, you get a rough idea of retail and refining (and transportation) uplift (cost + margin) down there (price per gallon x 42.5 gallons/barrel less WTI). Its in the vicinity of US$32/barrel of oil. Even Oregon which has a 40 cent/gallon state tax on gasoline, is $3.12 ie net of federal and state tax its $2.54/gallon or US$40/barrel of oil

[mrbb]

cenovus does have upgrading and refining output but no retail sales Canada: Lloyminster upgrader and refinery, AB USA: Lima refinery, Toledo refinery, Superior  refinery CVE 52 weekpeak/current SP = 29.96/22.87= 1.31 SU 52 week peak/current SP = 57.32/50.64= 1.13 i think SU had fared better than CVE on this recent drop