Suncor CEO says integrated refining capacity limits impact from wider Canadian crude differentials
SU•Suncor’s CEO said the company is less affected than peers by widening Canadian crude differentials because of its integrated refining capacity. Suncor is assessing faster growth, dependent on negotiations and royalty incentives, and tracking toward the low end of capital spending guidance, partly due to weather.
1. Growth and guidance
Suncor’s CEO said the company is in the preliminary stages of assessing faster growth than outlined at its investor day, depending on the results of negotiations with Canada and Alberta and Alberta’s royalty incentives. The company is tracking toward the low end of its capital spending guidance, partly due to weather, and is less affected than peers by widening Canadian crude differentials because of its integrated refining capacity.
