Quote:
Originally Posted by AME_VIP
Wish I held my SU longer because oil prices are still holding up.
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Speaking of SU,
Suncor to release financials on the 31st after close, followed by a conference call on the 1st of Feb.
Corporate friends at Suncor have been telling me for months that they are on track for a record year... And I would imagine the price of NG being so low and the price of Bitumen creeping us has likely done wonders for the balance sheet compared to anything post-2008...
From the horses mouth:
"During the third quarter, the company completed construction and initiated commissioning of the hydrogen plant portion of the Millennium Naphtha Unit (MNU). The naphtha hydrotreater portion of the MNU project is scheduled to be completed before the end of the year.
"The completion of the new MNU hydrogen plant and naphtha hydrotreater and the successful restart of one of our hydrogen plants will go a long way in providing flexibility to boost our sweet production," said George. "Going forward, this will help us maximize our profit margin on upgraded oil sands barrels."
I can't say I truly understand the significance of the Naphtha Hydrotreater, but supposedly it's a big deal...? I was told it prevents them from having to source something externally which is costing them a lot of money.