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Suncor Energy Inc (SU.TO)

SU.TO on Toronto Stock Exchange

37.04CAD
23 Aug 2019
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$-0.72 (-1.91%)
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Latest Key Developments (Source: Significant Developments)

Suncor hopeful on deal with Alberta govt to boost oil production
Thursday, 25 Jul 2019 

July 25 (Reuters) - Suncor Energy Inc ::EXEC SAYS APPEARS ALBERTA OIL PRODUCTION CURTAILMENTS WILL REMAIN IN PLACE FOR THE REMAINDER OF 2019.CEO SAYS HOPEFUL ALBERTA GOVERNMENT WILL MAKE DECISION IN NEXT MONTH OR SO ON ALLOWING OIL PRODUCERS TO BOOST PRODUCTION AS LONG AS IT MOVES TO MARKET BY RAIL.CEO SAYS SHIPPERS COULD BRING 250,000-300,000 BPD OF EXTRA CRUDE-BY-RAIL CAPACITY ONLINE IF ALBERTA GOVERNMENT AGREES TO ALLOW INCREASED PRODUCTION AS LONG AS IT MOVES TO MARKET BY RAIL.  Full Article

Suncor Energy Reports Q2 FFO Per Share C$1.92
Wednesday, 24 Jul 2019 

July 24 (Reuters) - Suncor Energy Inc ::SUNCOR ENERGY REPORTS SECOND QUARTER 2019 RESULTS.Q2 FFO PER SHARE C$1.92.FUNDS FROM OPERATIONS WERE $3.005 BILLION ($1.92 PER COMMON SHARE) IN Q2 OF 2019.NET EARNINGS WERE $2.729 BILLION ($1.74 PER COMMON SHARE) IN Q2 OF 2019.SUNCOR ENERGY- TOTAL UPSTREAM PRODUCTION WAS 803,900 BARRELS OF OIL EQUIVALENT PER DAY DURING Q2, COMPARED TO 661,700 BOE/D IN THE PRIOR YEAR QUARTER.SUNCOR ENERGY- OIL SANDS OPERATIONS PRODUCTION WAS 414,200 BBLS/D IN THE SECOND QUARTER OF 2019, COMPARED TO 358,900 BBLS/D IN THE PRIOR YEAR QUARTER.QTRLY OPERATING EARNINGS WERE $1.253 BILLION ($0.80 PER COMMON SHARE).SUNCOR ENERGY- SUNCOR’S SHARE OF SYNCRUDE PRODUCTION WAS 188,700 BBLS/D IN SECOND QUARTER OF 2019, COMPARED TO 117,800 BBLS/D IN THE PRIOR YEAR QUARTER.SAYS SUNCOR HAS REVISED ITS FULL YEAR OUTLOOK RANGE FOR CAPITAL EXPENDITURES TO $4.9 BILLION – $5.4 BILLION.SUNCOR ENERGY- SUNCOR’S SHARE OF PRODUCTION FROM FORT HILLS AVERAGED 89,300 BBLS/D IN Q2 OF 2019 COMPARED TO 70,900 BBLS/D IN THE PRIOR YEAR QUARTER.SAYS FY SYNCRUDE CASH OPERATING COSTS PER BARREL HAVE BEEN INCREASED TO $36.50 – $39.50.Q2 EARNINGS PER SHARE VIEW C$0.87, REVENUE VIEW C$10.23 BILLION -- REFINITIV IBES DATA.ALL FIGURES IN C$.  Full Article

Suncor Energy Sets Quarterly Dividend Of C$0.42 Per Share
Wednesday, 24 Jul 2019 

July 24 (Reuters) - Suncor Energy Inc ::SETS QUARTERLY DIVIDEND OF C$0.42PER SHARE.  Full Article

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
Tuesday, 5 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
Wednesday, 14 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

UPDATE 1-Alberta's smaller oil producers eye output boost after curbs lifted

WINNIPEG, Manitoba/CALGARY, Alberta, Aug 21 (Reuters) - S mall and mid-sized Alberta oil producers are looking to increase drilling as early as this autumn after the Canadian province exempted a dozen of them from government-mandated oil production cuts, boosting the struggling industry.