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Suncor Energy Inc (SU.TO)

SU.TO on Toronto Stock Exchange

42.12CAD
22 Jan 2019
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Latest Key Developments (Source: Significant Developments)

Suncor says restarting production at Terra Nova field in Canada
Sunday, 2 Dec 2018 

Dec 2 (Reuters) - Suncor Energy Inc ::SUNCOR ENERGY SAYS IT HAS BEGUN 'SLOW AND CONTROLLED PRODUCTION RESTART' AT TERRA NOVA OIL FIELD OFF CANADA'S EAST COAST.TERRA NOVA AND ITS SUBSEA INFRASTRUCTURE HAVE UNDERGONE 'SIGNIFICANT' INTERGRITY CHECKS AHEAD OF RESTART -SUNCOR ENERGY.  Full Article

Suncor Announces Resignation Of Jacynthe Côté From Board Of Directors
Thursday, 8 Nov 2018 

Nov 7 (Reuters) - Suncor Energy Inc ::SUNCOR ANNOUNCES RESIGNATION OF JACYNTHE CÔTÉ FROM BOARD OF DIRECTORS.SUNCOR ENERGY INC - CÔTÉ WILL ASSUME CHAIR POSITION OF HYDRO-QUÉBEC.  Full Article

Equinor buys Chevron's 40 pct stake in Rosebank project
Monday, 1 Oct 2018 

Oct 1 (Reuters) - Equinor Asa ::EQUINOR HAS SIGNED AN AGREEMENT TO ACQUIRE CHEVRON'S 40% OPERATED INTEREST IN ROSEBANK PROJECT.EQUINOR SAYS ONCE CONCLUDED, TRANSACTION WILL STRENGTHEN EQUINOR'S UK PORTFOLIO, WHICH INCLUDES MARINER DEVELOPMENT, ATTRACTIVE EXPLORATION OPPORTUNITIES AND THREE PRODUCING OFFSHORE WIND FARMS.OTHER PARTNERS IN FIELD ARE SUNCOR ENERGY (40%) AND SICCAR POINT ENERGY (20%).PARTIES HAVE AGREED NOT TO DISCLOSE COMMERCIAL TERMS OF AGREEMENT.TRANSACTION IS SUBJECT TO CUSTOMARY CONDITIONS, INCLUDING PARTNER AND AUTHORITY APPROVAL, WITH COMPLETION TARGETED AS SOON AS POSSIBLE.EQUINOR SAYS "WE INTEND TO LEVERAGE OUR EXPERIENCE AND COMPETENCE TO CREATE FURTHER VALUE IN ROSEBANK, IN ALIGNMENT WITH UK GOVERNMENT'S PRIORITY OF MAXIMISING ECONOMIC RECOVERY OF UKCS".  Full Article

Suncor Energy Q2 FFO Per Share C$1.75
Thursday, 26 Jul 2018 

July 25 (Reuters) - Suncor Energy Inc ::SUNCOR ENERGY REPORTS SECOND QUARTER 2018 RESULTS.Q2 FFO PER SHARE C$1.75.TOTAL UPSTREAM QUARTERLY PRODUCTION WAS 661,700 BARRELS OF OIL EQUIVALENT PER DAY (BOE/D).SUNCOR RECORDED Q2 2018 OPERATING EARNINGS OF $1.190 BILLION ($0.73 PER COMMON SHARE).OIL SANDS OPERATIONS PRODUCTION WAS 358,900 BBLS/D IN Q2 OF 2018, COMPARED TO 352,600 BBLS/D IN PRIOR YEAR QUARTER.NET EARNINGS WERE $972 MILLION ($0.60 PER COMMON SHARE) IN Q2 OF 2018.TOTAL UPSTREAM PRODUCTION WAS 661,700 BOE/D IN Q2 OF 2018, COMPARED TO 539,100 BOE/D IN PRIOR YEAR QUARTER.SUNCOR'S SHARE OF SYNCRUDE PRODUCTION WAS 117,800 BBLS/D IN Q2 OF 2018, COMPARED TO 61,000 BBLS/D IN PRIOR YEAR QUARTER.UPDATED FULL YEAR OUTLOOK RANGE FOR CAPITAL EXPENDITURES HAS BEEN INCREASED TO $5.2 - $5.5 BILLION FROM $4.5 - $5.0 BILLION.FY TOTAL PRODUCTION OUTLOOK RANGE UPDATED FROM 740,000 - 780,000 BOE/D TO 740,000 - 750,000 BOE/D.FORT HILLS PRODUCTION AVERAGED 70,900 BARRELS PER DAY (BBLS/D) (131,000 BBLS/D, GROSS) IN Q2 OF 2018.Q2 EARNINGS PER SHARE VIEW C$0.67, REVENUE VIEW C$9.21 BILLION -- THOMSON REUTERS I/B/E/S.FULL YEAR BUSINESS ENVIRONMENT OUTLOOK ASSUMPTIONS ADJUSTED FOR BRENT SULLOM VOE FROM US$67.00/BBL TO US$72.00/BBL.  Full Article

Suncor Files Preliminary Short Form Base Shelf Prospectus For Mixed Shelf Of Up To $3 Bln
Friday, 1 Jun 2018 

June 1 (Reuters) - Suncor Energy Inc ::SUNCOR ENERGY FILES PRELIMINARY SHORT FORM BASE SHELF PROSPECTUS FOR MIXED SHELF OF UP TO US$3 BILLION - SEC FILING.  Full Article

Suncor Energy Says Q4 2017 Oil Sands Operations Produced About 447,000 Barrels Per Day
Thursday, 4 Jan 2018 

Jan 3 (Reuters) - Suncor Energy Inc ::SUNCOR ENERGY INC - UPSTREAM PRODUCTION OF 736,000 BARRELS OF OIL EQUIVALENT PER DAY (BOE/D) IN Q4, WHICH IS IN LINE WITH RECORD PRODUCTION FROM Q3.SUNCOR ENERGY INC - Q4 2017 OIL SANDS OPERATIONS PRODUCED APPROXIMATELY 447,000 BARRELS PER DAY.SUNCOR ENERGY INC - ALSO ANNOUNCED FORT HILLS PARTNERS HAVE RESOLVED PREVIOUSLY ANNOUNCED COMMERCIAL DISPUTE & REACHED AGREEMENT.SUNCOR ENERGY - UNDER TERMS OF FORT HILLS AGREEMENT, CO'S SHARE OF FORT HILLS PROJECT INCREASED TO 53.06% AND TECK'S SHARE INCREASED TO 20.89%.SUNCOR ENERGY - CO, TECK HAVE FUNDED AN INCREASED SHARE OF FORT HILLS PROJECT CAPITAL, IN AMOUNTS OF APPROXIMATELY $300 MILLION & $120 MILLION RESPECTIVELY.SUNCOR ENERGY - UNDER AGREEMENT SUNCOR & TECK RESOURCES HAVE EACH ACQUIRED ADDITIONAL WORKING INTEREST IN FORT HILLS PROJECT FROM TOTAL E&P CANADA.  Full Article

Suncor Energy announces further debt reduction
Thursday, 23 Nov 2017 

Nov 22 (Reuters) - Suncor Energy Inc ::Suncor Energy announces further debt reduction.Suncor Energy Inc - ‍has given notice of redemption to Bank Of New York Mellon and Computershare Trust Company Of Canada​.Suncor Energy Inc - ‍given notice of redemption was sent to holders of notes on November 15, 2017​.Suncor Energy Inc - ‍upon redemption of notes, suncor will have redeemed all outstanding long term debt due in 2018​.Suncor Energy - to use proceeds from sale of interest in east tank farm development​, issuance of notes for redemption of $600 million notes, C$700 notes.  Full Article

Suncor Energy announces 2018 capital program and production outlook
Thursday, 16 Nov 2017 

Nov 15 (Reuters) - Suncor Energy Inc ::Suncor Energy announces 2018 capital program and production outlook.‍2018 corporate guidance includes a capital program of between $4.5 billion​ and $5.0 billion​.Sees 2018 ‍average upstream production of 740,000 to 780,000 barrels of oil equivalent per day (boe/d)​.Sees FY 2018 Suncor refinery throughput of 415,000 bbls/d - 435,000 bbls/d​.  Full Article

Suncor Energy announces pricing of $750 mln notes offering
Thursday, 9 Nov 2017 

Nov 8 (Reuters) - Suncor Energy Inc ::Suncor Energy announces pricing of US$750 million notes offering.Suncor Energy - ‍priced offering of $750 million in aggregate principal amount of senior unsecured notes due on November 15, 2047​.Suncor Energy Inc - ‍2047 notes will have a coupon of 4.000%​.  Full Article

Suncor Energy announces pricing of $750 mln notes offering
Thursday, 9 Nov 2017 

Nov 8 (Reuters) - Suncor Energy Inc ::Suncor Energy announces pricing of US$750 million notes offering.Suncor Energy Inc - ‍priced an offering of US$750 million in aggregate principal amount of senior unsecured notes due on November 15, 2047​.  Full Article

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Husky scraps bid for oil rival MEG Energy, citing Alberta output cuts

Canadian oil producer Husky Energy shocked investors on Thursday when it abandoned its hostile bid for MEG Energy , saying it could not win sufficient MEG shareholder support after Alberta's government ordered production cuts to reduce a crude glut.