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Suncor Energy Inc (SU.TO)

SU.TO on Toronto Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Suncor Energy Files For Mixed Shelf Of Up To $5 Billion
Saturday, 23 May 2020 

May 22 (Reuters) - Suncor Energy Inc ::SUNCOR ENERGY INC FILES FOR MIXED SHELF OF UPTO $5.0 BILLION - SEC FILING.  Full Article

Suncor Energy Inc - Board Decided To Reduce Quarterly Cash Dividend By 55%
Wednesday, 6 May 2020 

May 5 (Reuters) - Suncor Energy Inc ::SUNCOR ENERGY INC - BOARD DECIDED TO REDUCE QUARTERLY CASH DIVIDEND BY 55% TO $0.21 PER COMMON SHARE FROM $0.465 PER COMMON SHARE.SUNCOR ENERGY -BOARD BELIEVES REDUCING CURRENT LEVEL OF DIVIDENDS REQUIRED TO DRIVE DOWN CASH BREAKEVEN OF COMPANY TO A WTI PRICE OF US$35 PER BARREL.  Full Article

Suncor Energy Reports First Quarter 2020 Results
Wednesday, 6 May 2020 

May 5 (Reuters) - Suncor Energy Inc ::SUNCOR ENERGY REPORTS FIRST QUARTER 2020 RESULTS.FUNDS FROM OPERATIONS $0.66 PER COMMON SHARE IN Q1 OF 2020.SUNCOR ENERGY - TOTAL UPSTREAM PRODUCTION 739,800 BOE/DDURING Q1 OF 2020, COMPARED TO 764,300 BOE/D IN PRIOR YEAR QUARTER.COMPANY HAS DECIDED TO FURTHER REDUCE 2020 CAPITAL EXPENDITURE RANGE TO $3.6 BILLION TO $4.0 BILLION.OPERATING LOSS $0.20 PER COMMON SHARE IN Q1 OF 2020.SUNCOR ENERGY -REFINERY UTILIZATION,PRODUCT SALES NEGATIVELY IMPACTED AT END OF QUARTER, AS DEMAND FOR TRANSPORTATION FUELS DECLINED DUE TO COVID‑19.BOARD APPROVED REDUCTION IN COMPANY’S QUARTERLY DIVIDEND TO $0.21 PER COMMON SHARE FROM $0.465 PER COMMON SHARE.REFINED PRODUCT SALES DECREASED SLIGHTLY IN Q1 OF 2020 TO 531,500 BBLS/D, COMPARED TO 542,800 BBLS/D IN PRIOR YEAR QUARTER.NET LOSS $2.31 PER COMMON SHARE IN Q1 OF 2020.SUNCOR - 2020 OUTLOOK FOR REFINERY THROUGHPUT IN CO'S REFINING, MARKETING SEGMENT HAS BEEN REVISED TO UTILIZATION RATES OF 84% TO 91% FROM 95% TO 99%.DUE TO COVID‑19, MACKAY RIVER'S PLANNED RETURN TO SERVICE DATE HAS BEEN DEFERRED TO LATER IN Q2 OF 2020.ALL FIGURES IN C$.Q1 EARNINGS PER SHARE VIEW C$-0.17 -- REFINITIV IBES DATA.  Full Article

Suncor Energy Announces $1.25 Billion Medium Term Note Offering
Wednesday, 8 Apr 2020 

Suncor Energy Inc ::SUNCOR ENERGY ANNOUNCES $1.25 BILLION MEDIUM TERM NOTE OFFERING.SUNCOR ENERGY INC - IT WILL ISSUE $1.25 BILLION OF SENIOR UNSECURED SERIES 7 MEDIUM TERM NOTES DUE ON APRIL 9, 2030.SUNCOR ENERGY INC - NOTES WILL HAVE A COUPON OF 5.00% AND HAVE BEEN PRICED AT $99.697 PER $100 OF NOTES TO YIELD 5.039%.SUNCOR ENERGY INC - INTENDS TO USE NET PROCEEDS FROM SALE OF NOTES TO REPAY SHORT-TERM INDEBTEDNESS.  Full Article

Berkshire Hathaway Cuts Share Stake In Wells Fargo & Co, Takes Stake in Biogen
Saturday, 15 Feb 2020 

Feb 14 (Reuters) - Berkshire Hathaway::BERKSHIRE HATHAWAY CUTS SHARE STAKE IN WELLS FARGO & CO BY 14.6% TO 323.2 MILLION SHARES - SEC FILING.BERKSHIRE HATHAWAY TAKES SHARE STAKE IN BIOGEN OF 648,447 SHARES - SEC FILING.BERKSHIRE HATHAWAY CUTS SHARE STAKE IN PHILLIPS 66 BY 95.6% TO 227,436 SHARES - SEC FILING.BERKSHIRE HATHAWAY RAISES SHARE STAKE IN SUNCOR ENERGY BY 39.6% TO 15 MILLION SHARES - SEC FILING.BERKSHIRE HATHAWAY INC - CHANGE IN HOLDINGS ARE AS OF DECEMBER 31, 2019 AND COMPARED WITH THE PREVIOUS QUARTER ENDED AS OF SEPTEMBER 30, 2019.BERKSHIRE HATHAWAY CUTS SHARE STAKE IN WELLS FARGO & CO BY 14.6% TO 323.2 MILLION SHARES - SEC FILING.  Full Article

Suncor CEO expects slow decline in Alberta oil inventories
Thursday, 6 Feb 2020 

Feb 6 (Reuters) - Suncor Energy Inc CEO, speaking on a quarterly conference call::SUNCOR ENERGY CEO SAYS WON'T ADVANCE COKER PROJECT AT MONTREAL REFINERY.SUNCOR CEO SAYS AIMING TO RUN FIREBAG AT NAMEPLATE CAPACITY NEXT YEAR, POTENTIAL TO ADD 30,000 BPD BY 2025.SUNCOR TO APPLY TO REGULATOR THIS QUARTER TO EXTEND BASE PLANT AFTER 2035; NOT A FINAL SANCTIONING DECISION - CEO.SUNCOR CEO SAYS ACQUIRING OIL AND GAS 'RESOURCE' LOOKS EXPENSIVE, WOULD NOT BE FOCUS OF ANY M&A.SUNCOR CEO SAYS TRANS MOUNTAIN PIPELINE CONSTRUCTION MAY TAKE LONGER THAN OPERATOR EXPECTS DUE TO POSSIBLE COURT CHALLENGES.SUNCOR CEO EXPECTS ALBERTA OIL INVENTORIES TO DECLINE SLOWLY, BUT 'THINGS CAN CHANGE QUICKLY'.  Full Article

Suncor Energy Reports Q4 FFO Per Share of C$1.66
Thursday, 6 Feb 2020 

Feb 6 (Reuters) - Suncor Energy Inc ::SUNCOR ENERGY REPORTS FOURTH QUARTER 2019 RESULTS.Q4 FFO PER SHARE C$1.66.OPERATING EARNINGS WERE $782 MILLION ($0.51 PER COMMON SHARE) IN Q4 OF 2019.SUNCOR'S NET LOSS WAS $2.335 BILLION ($1.52 PER COMMON SHARE) IN Q4 OF 2019.OIL SANDS OPERATIONS PRODUCTION WAS 418,100 BBLS/D IN Q4 OF 2019, COMPARED TO 432,700 BBLS/D IN PRIOR YEAR QUARTER.SUNCOR ENERGY- SUNCOR'S SHARE OF PRODUCTION FROM FORT HILLS AVERAGED 87,900 BBLS/D IN Q4 OF 2019, COMPARED TO 98,500 BBLS/D IN PRIOR YEAR QUARTER.SUNCOR- Q4 TOTAL EXPLORATION & PRODUCTION PRODUCTION INCREASED TO 115,900 BARRELS OF OIL EQUIVALENT PER DAY FROM 90,200 BOE/D IN PRIOR YEAR QUARTER.Q4 TOTAL UPSTREAM PRODUCTION WAS 778,200 BOE/D VERSUS 831,000 BOE/D IN THE PRIOR YEAR QUARTER.NO CHANGES HAVE BEEN MADE TO SUNCOR'S PREVIOUSLY ANNOUNCED 2020 GUIDANCE.QTRLY SUNCOR’S SHARE OF SYNCRUDE PRODUCTION WAS 156,300 BBLS/D VERSUS 209,600 BBLS/D IN THE PRIOR YEAR QUARTER.ALL FIGURES ARE IN C$.  Full Article

Suncor Energy Declares Increased Dividend And Announces Additional Share Repurchase Program
Thursday, 6 Feb 2020 

Feb 5 (Reuters) - Suncor Energy Inc ::SUNCOR ENERGY DECLARES INCREASED DIVIDEND AND ANNOUNCES ADDITIONAL SHARE REPURCHASE PROGRAM.SUNCOR ENERGY- DIRECTORS APPROVED A QUARTERLY DIVIDEND OF $0.465 PER SHARE ON ITS COMMON SHARES, PAYABLE MARCH 25, 2020.BOARD OF DIRECTORS HAS APPROVED A RENEWAL OF ITS SHARE REPURCHASE PROGRAM OF UP TO $2 BILLION BEGINNING MARCH 1, 2020.QTRLY DIVIDEND REPRESENTS AN APPROXIMATE 11% INCREASE OVER PRIOR QUARTER.  Full Article

Suncor Energy Announces 2020 Capital Program And Production Outlook
Tuesday, 3 Dec 2019 

Dec 2 (Reuters) - Suncor Energy Inc ::SUNCOR ENERGY ANNOUNCES 2020 CAPITAL PROGRAM AND PRODUCTION OUTLOOK.SUNCOR ENERGY INC - 2020 CAPITAL PROGRAM IS EXPECTED TO BE BETWEEN $5.4 AND $6.0 BILLION WITH FLAT INVESTMENT IN OIL RELATED PROJECTS YEAR OVER YEAR.SUNCOR ENERGY INC - UPSTREAM PRODUCTION IS EXPECTED TO BE BETWEEN 800,000 TO 840,000 BARRELS OF OIL EQUIVALENT/DAY FOR 2020.SUNCOR ENERGY - OIL PRODUCTION IS EXPECTED TO INCREASE BY 5% FOR 2020.SUNCOR - CAPITAL FOR PREVIOUSLY SANCTIONED E&P STEP-OUT DEVELOPMENTS WILL INCREASE TO $1.1 BILLION IN 2020, INCLUSIVE OF TERRA NOVA ASSET LIFE EXTENSION.SUNCOR ENERGY- FORT HILLS & SYNCRUDE PRODUCTION REMAIN ADVERSELY IMPACTED DUE TO CONTINUED DISPROPORTIONATE EFFECT OF ALBERTA'S PRODUCTION CURTAILMENT.  Full Article

Suncor Energy Declares Dividend, Announces Increase To Share Repurchase Program
Thursday, 14 Nov 2019 

Nov 13 (Reuters) - Suncor Energy Inc ::SUNCOR ENERGY DECLARES DIVIDEND AND ANNOUNCES INCREASE TO SHARE REPURCHASE PROGRAM.SUNCOR ENERGY INC - APPROVED AN INCREASE TO COMPANY'S CURRENT SHARE REPURCHASE PROGRAM OF AN ADDITIONAL $500 MILLION.SUNCOR ENERGY INC - EXPECTS TO REPURCHASE BETWEEN $2.0 AND $2.5 BILLION OF COMMON SHARES BY END OF FEBRUARY 2020.SUNCOR ENERGY INC - CURRENT SHARE REPURCHASE PROGRAM OF AN ADDITIONAL $500 MILLION INCREASING PROGRAM FROM $2.0 BILLION TO $2.5 BILLION.SUNCOR ENERGY INC - APPROVED A QUARTERLY DIVIDEND OF $0.42 PER SHARE ON ITS COMMON SHARES.  Full Article

UPDATE 1-Canada's Suncor CEO sees electric vehicles disrupting oil demand as much as coronavirus

TORONTO, June 1 The shift to electric vehicles and other low-carbon technologies could disrupt crude oil demand on a similar scale to the coronavirus pandemic, Suncor Energy Inc's chief executive said on Monday.