The outage at the Syncrude Oil Sands facility and its restoration has been one of intense speculation. Suncor announced they intend to bring the initial coker into service in the second half of July 2018 and outlined a schedule for the rest.
Imperial Oil Estimates Lowered on Lower Exxon Oil Sands Priority
With ExxonMobil owning 69.6% of Imperial Oil the company was always going see an impact from Exxon’s analyst day after $XOM’s aggressive earnings and CapEx outline. The affect on $IMO is where XOM ranks Oil Sands in their future strategy, the answer not highly.