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Suncor Energy Inc (SU.TO)

SU.TO on Toronto Stock Exchange

40.69CAD
19 Jul 2019
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Latest Key Developments (Source: Significant Developments)

Suncor boosting synthetic crude production to record levels
Thursday, 2 May 2019 

May 2 (Reuters) - Suncor Energy Inc ::SAYS MAXIMISING HIGHER-VALUE SYNTHETIC CRUDE PRODUCTION AS A RESULT OF ALBERTA GOVERNMENT CURTAILMENTS.  Full Article

Suncor Energy Q1 FFO Per Share C$1.64
Thursday, 2 May 2019 

May 1 (Reuters) - Suncor Energy Inc ::SUNCOR ENERGY REPORTS FIRST QUARTER 2019 RESULTS.Q1 FFO PER SHARE C$1.64.QTRLY OPERATING EARNINGS PER SHARE $0.77.QTRLY TOTAL OIL SANDS PRODUCTION WAS 657,200 BARRELS PER DAY (BBLS/D), COMPARED TO 571,700 BBLS/D IN PRIOR YEAR QUARTER.SUNCOR ENERGY- EXCLUDING CAPITALIZED INTEREST, CO INVESTED $875 MILLION ON CAPITAL EXPENDITURES IN Q1 2019, DECREASE FROM $1.214 BILLION IN PRIOR YEAR QUARTER.TOTAL UPSTREAM PRODUCTION WAS 764,300 BOE/D DURING Q1, COMPARED TO 689,400 BOE/D IN THE PRIOR YEAR QUARTER.SUNCOR ENERGY - SHARE OF SYNCRUDE PRODUCTION WAS 182,200 BBLS/D IN THE FIRST QUARTER OF 2019, COMPARED TO 142,300 BBLS/D IN PRIOR YEAR QUARTER.Q1 EARNINGS PER SHARE VIEW C$0.53 -- REFINITIV IBES DATA.SUNCOR ENERGY - PRODUCTION VOLUMES AT E&P WERE 107,100 BOE/D IN THE FIRST QUARTER OF 2019, COMPARED TO 117,700 BOE/D IN THE PRIOR YEAR QUARTER.SUNCOR ENERGY - FOR FY WCS AT HARDISTY HAS BEEN UPDATED TO US$45.00 FROM US$33.00 ,NEW YORK HARBOR 3‑2‑1 CRACK UPDATED TO US$17.00 FROM US$18.50.  Full Article

Suncor Energy Sets Quarterly Dividend Of $0.42 per Share
Wednesday, 6 Feb 2019 

Feb 5 (Reuters) - Suncor Energy Inc ::SUNCOR ENERGY DECLARES INCREASED DIVIDEND AND ANNOUNCES ADDITIONAL STOCK BUYBACK PROGRAM.SETS QUARTERLY DIVIDEND OF $0.42PER SHARE.IN ADDITION, SUNCOR EXPECTS TO COMPLETE CURRENT $3 BILLION STOCK BUYBACK PROGRAM BY END OF FEBRUARY.NEW DIVIDEND REPRESENTS A 17% INCREASE OVER PRIOR QUARTER.BOARD OF DIRECTORS HAS APPROVED AN ADDITIONAL STOCK BUYBACK PROGRAM OF UP TO $2 BILLION.  Full Article

Suncor Energy Provides Update after Government Of Alberta’s Decision To Cut Oil Production
Monday, 3 Dec 2018 

Dec 3 (Reuters) - Suncor Energy Inc ::SUNCOR ENERGY PROVIDES UPDATE FOLLOWING GOVERNMENT OF ALBERTA’S DECISION TO CUT OIL PRODUCTION.SUNCOR ENERGY - SPECIFIC IMPACT OF PRODUCTION CUT BY GOVERNMENT OF ALBERTA WILL BE PROVIDED WHEN CO ISSUES ITS 2019 CAPITAL & PRODUCTION GUIDANCE.  Full Article

Suncor Announces CEO Steve Williams’ Retirement And Transition Plan
Thursday, 15 Nov 2018 

Nov 14 (Reuters) - Suncor Energy Inc ::SUNCOR ANNOUNCES STEVE WILLIAMS’ RETIREMENT AND TRANSITION PLAN.SUNCOR ENERGY INC - MARK LITTLE, CHIEF OPERATING OFFICER IS APPOINTED PRESIDENT EFFECTIVE IMMEDIATELY.SUNCOR ENERGY INC - MARK LITTLE WILL ASSUME ROLE OF CHIEF EXECUTIVE OFFICER UPON WILLIAMS' RETIREMENT NEXT MAY.SUNCOR ENERGY INC - STEVE WILLIAMS WILL RETIRE AS CEO AT COMPANY'S ANNUAL GENERAL MEETING ON MAY 2, 2019.  Full Article

Suncor Energy has made no offer for MEG Energy - spokeswoman
Monday, 1 Oct 2018 

Oct 1 (Reuters) - Suncor Energy Inc spokeswoman said on Monday::SUNCOR ENERGY SAYS HAS NO OFFER ON TABLE FOR MEG ENERGY BUT LOOKS AT ALL OPPORTUNITIES - SPOKESWOMAN.  Full Article

Suncor Comments On Trans Mountain Pipeline Deal
Tuesday, 29 May 2018 

May 29 (Reuters) - Suncor::SUNCOR ON TRANS MOUNTAIN PIPELINE DEAL - SUPPORT IMPROVING MARKET ACCESS TO ENSURE CANADA ACHIEVES "FAIR RECOGNITION AND FULL VALUE" FOR ENERGY RESOURCES.SAYS IT SUPPORTS ACTIONS THAT CONTINUE TO ADVANCE CERTAINTY THAT TRANS MOUNTAIN PIPELINE WILL BE BUILT.  Full Article

Faroe Petroleum ‍sells 17.5 pct stake in Norway's Fenja to Suncor
Monday, 12 Feb 2018 

Feb 12 (Reuters) - Faroe Petroleum Plc ::‍HAS EXECUTED A TRANSACTION WITH SUNCOR ENERGY NORGE AS ('SUNCOR') FOR SALE OF A 17.5% WORKING INTEREST IN FENJA DEVELOPMENT LOCATED IN PL586 IN NORWEGIAN SEA​.‍FAROE TO SELL 17.5% STAKE IN FENJA DEVELOPMENT TO SUNCOR FOR CASH CONSIDERATION OF $54.5 MILLION (INCLUDING TAX BALANCES)​.‍TO RETAIN 7.5% STAKE IN FENJA, UNDERLINING FAROE'S SUPPORT FOR PROJECT, AND FULLY ALIGNING FAROE'S EQUITY AT 7.5% ACROSS GREATER NJORD AREA (NJORD, FENJA, BAUGE AND HYME)​.‍TRANSACTION IS EXPECTED TO REDUCE FAROE'S FUTURE CAPITAL EXPENDITURE ON FENJA TO APPROXIMATELY £70 MILLION​.‍MAINTAINS FAROE'S STRONG BALANCE SHEET AND FULLY FUNDED POSITION ACROSS ITS PORTFOLIO OF NORWEGIAN FIELD DEVELOPMENTS​.‍TRANSACTION HAS A 1 JANUARY 2018 EFFECTIVE DATE AND REMAINS SUBJECT TO USUAL AND CUSTOMARY CONDITIONS​.‍TRANSACTION IS ANTICIPATED TO COMPLETE DURING H1 2018​.‍OPERATOR, VNG NORGE AS, EXPECTS TOTAL GROSS RECOVERABLE RESERVES FROM FENJA DEVELOPMENT OF APPROXIMATELY 97 MILLION BARRELS OF OIL EQUIVALENT (72% OF WHICH IS OIL)​.  Full Article

Suncor CEO says Canada becoming more difficult place for investment
Thursday, 8 Feb 2018 

Feb 8 (Reuters) - Suncor Energy Inc executives, speaking on a conference call with analysts on Thursday::SUNCOR EXPECTS C$1 PER BARREL OPERATIONAL COST SAVINGS FROM AUTONOMOUS HAUL TRUCKS PHASED IN OVER 6 YEARS - PRESENTATION.SUNCOR HAS SOLD MONTNEY LAND HOLDINGS FOR C$52 MILLION AND 37 PERCENT EQUITY INTEREST IN CANBRIAM ENERGY - CEO.SUNCOR PLANS TO RAMP UP FORT HILLS OIL SANDS MINE TO AT LEAST 90 PERCENT OF CAPACITY BY YEAR END - COO.SUNCOR 'NOT EXPOSED' TO CURRENT PIPELINE CAPACITY CONSTRAINTS, OR PRICE DIFFERENTIAL - CEO.REGULATION, HIGHER TAXATION MAKING CANADA 'MORE DIFFICULT PLACE TO ALLOCATE CAPITAL' - SUNCOR CEO.  Full Article

Suncor Energy Q4 FFO Per Share C$1.83
Thursday, 8 Feb 2018 

Feb 7 (Reuters) - Suncor Energy Inc ::SUNCOR ENERGY REPORTS FOURTH QUARTER 2017 RESULTS.Q4 FFO PER SHARE C$1.83.QTRLY ‍OIL SANDS OPERATIONS CASH OPERATING COSTS PER BARREL (BBL) WERE $24.20, COMPARED TO $24.95 IN PRIOR YEAR QUARTER​.QUARTERLY UPSTREAM PRODUCTION WAS 736,400 BARRELS OF OIL EQUIVALENT PER DAY VERSUS 738,500 BOE/D.‍OIL SANDS OPERATIONS PRODUCTION WAS 446,800 BARRELS PER DAY (BBLS/D) IN Q4 OF 2017, COMPARED TO 433,400 BBLS/D IN PRIOR YEAR QUARTE​.SUNCOR ENERGY - ‍PRODUCTION VOLUMES IN EXPLORATION AND PRODUCTION (E&P) WERE 115,200 BOE/D IN Q4 OF 2017, COMPARED TO 118,100 BOE/D IN PRIOR YEAR QUARTER​.‍R&M'S REFINERY CRUDE THROUGHPUT WAS 432,400 BBLS/D IN Q4 OF 2017, COMPARED TO 427,300 BBLS/D IN PRIOR YEAR QUARTER​.SAYS FORT HILLS AND HEBRON HAVE BEEN SAFELY BROUGHT ONLINE AND ARE NOW PRODUCING OIL.‍FORT HILLS PROJECT PRODUCTION RAMP UP TO PROJECT'S NAMEPLATE CAPACITY OF 194,000 BBLS/D IS PROGRESSING ON SCHEDULE​.SAYS HAS UPDATED ITS FY BUSINESS ENVIRONMENT OUTLOOK ASSUMPTION AS A RESULT OF RECENTLY ANNOUNCED CHANGE IN U.S. CORPORATE TAX RATE.  Full Article

CANADA STOCKS-TSX futures rise on higher gold prices

June 4 Futures for Canada main stock index rose on Tuesday, as gold prices hit a more than three-month high amid global slowdown concerns driven by trade conflicts.