SU.TO - Suncor Energy Inc.

Toronto - Toronto Delayed Price. Currency in CAD
39.76
+0.31 (+0.79%)
At close: 4:25PM EST
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Previous Close39.45
Open39.32
Bid39.75 x N/A
Ask39.78 x N/A
Day's Range39.30 - 39.88
52 Week Range36.32 - 46.50
Volume5,941,951
Avg. Volume3,911,308
Market Cap60.816B
Beta (5Y Monthly)1.50
PE Ratio (TTM)21.38
EPS (TTM)1.86
Earnings DateApr. 28, 2020 - May 03, 2020
Forward Dividend & Yield1.86 (4.75%)
Ex-Dividend DateMar. 02, 2020
1y Target Est50.00
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  • Thomson Reuters StreetEvents

    Edited Transcript of SU.TO earnings conference call or presentation 6-Feb-20 2:30pm GMT

    Q4 2019 Suncor Energy Inc Earnings Call

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  • The Canadian Press

    Most actively traded companies on the TSX

    TORONTO — Some of the most active companies traded Friday on the Toronto Stock Exchange:Toronto Stock Exchange (17,655.49, down 102.00 points.)Bombardier Inc. (TSX:BBD.B). Industrials. Up four cents, or 2.8 per cent, to $1.47 on 15.3 million shares.Aurora Cannabis Inc. (TSX:ACB). Health care. Down 40.5 cents, or 15.2 per cent, to $2.26 on 13.7 million shares.Suncor Energy Inc. (TSX:SU). Energy. Down 82 cents, or 2.08 per cent, to $38.67 on 7.1 million shares.Enbridge Inc. (TSX:ENB). Energy. Up 15 cents, or 0.27 per cent, to $56.13 on 6.6 million shares.First Capital Real Estate Investment Trust. (TSX:FCR.UN). Real estate. Up three cents, or 0.14 per cent, to $21.81 on 5.7 million shares.Manulife Financial Corp. (TSX:MFC). Financials. Down 21 cents, or 0.78 per cent, to $26.56 on 4.2 million shares. Companies in the news:Canada Goose Holdings Inc. (TSX:GOOS). Down $1.90 or 4.3 per cent to $42.25. Luxury parka maker Canada Goose Holdings Inc. slashed expected revenue growth for the year due to "material negative impact" from the new coronavirus outbreak. The health crisis "has hit our biggest current growth market," said chief executive Dani Reiss during a conference call with analysts Friday after the company released its third-quarter financial results. Canada Goose has seen significant reductions in revenue at retail stores and through online shopping across Greater China. Meanwhile, global travel disruptions, such as flight cancellations and restrictions on movement, have affected retail stores in international shopping destinations in North America and Europe.CAE Inc. (TSX:CAE). Up $1.35 or 3.4 per cent to $41.48. CAE Inc. says net income rose in its third quarter as it saw revenue gains across its civil aviation, defence, and health care segments. The high-tech training company says it had a net income of $99.8 million, or 37 cents per share, in the quarter ending Dec. 31, up from $79.5 million, or 29 cents per share in the same quarter last year. Revenue came in at $923.5 million, up from $816.3 million for the same quarter last year. Analysts had expected revenue of $941 million and net income of $92.4 million or 36 cents per share according to financial markets data firm Refinitiv. Aurora Cannabis Inc. — Industry watchers say this week's rash of cannabis company layoffs and executive departures is likely to continue. They are expecting a rocky year for the industry and anticipating that the coming months will bring more dramatic staffing cuts and changes to leadership at small and large cannabis companies alike. Their predictions come in the wake of Aurora Cannabis Inc.'s Thursday announcement, revealing that it would be slashing 500 staff jobs, taking nearly $800 million in goodwill writedowns and seeing the departure of its CEO Terry Booth. Aurora's news came just days after Tilray Inc. said it would lay off 10 per cent of its workforce in a bid to cut costs and a week after Sundial Growers axed some of its workforce.This report by The Canadian Press was first published Feb. 7, 2020. The Canadian Press

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    A certain U.S. politician doing well in the polls could have a positive impact for Canada's largest oil producers, like Suncor Energy (TSX:SU)(NYSE:SU).

  • Oilprice.com

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  • Suncor defers Montreal refinery project to focus on low-cost oilsands expansions
    The Canadian Press

    Suncor defers Montreal refinery project to focus on low-cost oilsands expansions

    CALGARY — Suncor Energy Inc.'s on-again, off-again plan to add a coker unit to its Montreal refinery to allow it to process heavier barrels of oil, including oilsands bitumen, is off the table as it shuffles its spending priorities.The $2-billion project has been shelved as the company focuses on low-cost oilsands expansions, projects that will help reduce emissions and cost-cutting digital technologies, CEO Mark Little said Thursday on a conference call to discuss fourth-quarter results.Little said the company is listening to investors as it aims to generate more free cash flow while keeping spending in check."Some of the concern we see from the investors is, 'Wow, you're going to plow $2 billion into Montreal, are you sure?'," he said."We spent a lot of time thinking about that and running all the analysis and concluded that actually wasn't the prudent investment for the shareholder."Suncor also elected to defer sanctioning of its proposed 40,000-barrel-per-day Meadow Creek oilsands project, which would produce bitumen from wells, until 2023 at the earliest, Little said.Instead, it will invest in boosting production from its existing similar Firebag facility to nameplate capacity of 203,000 bpd by 2021 and then potentially add 20,000-30,000 bpd by 2024-25.It also plans to build lower-emission co-generation units at its Base Plant this year and begin construction of a $300-million wind power project in southern Alberta.The Calgary-based energy giant reported a net loss of $2.3 billion for quarter ended Dec. 31 due mainly to asset impairment charges of $3.3 billion.That includes $2.8 billion due to lower forecast prices for heavy oil from its Fort Hills oilsands mine in northern Alberta and $393 million linked to higher capital cost estimates for the West White Rose expansion project off the coast of Newfoundland and Labrador, which is expected to begin producing oil in 2022.Husky Energy Inc., which is the major owner and operator of the White Rose field, said its numbers align with those of Suncor."As indicated last year, we had some initial challenges with productivity at West White Rose, and we are now seeing good execution and are on track," said Husky spokeswoman Kim Guttormson, who declined to give a detailed cost estimate for the expansion.Suncor said it expects its share of production from the White Rose field will average about 8,700 bpd over its life and its share of future capital expenditures is about $1.4 billion.Suncor shares fell by as much as 4.6 per cent in early trading on the Toronto Stock Exchange, although it announced an 11 per cent increase in its quarterly dividend and a $2-billion extension of its program to buy back shares.Analysts said its production results were generally in line, but misses on its operating and capital costs in the quarter were slightly negative.Little also announced Suncor will file an application in the current quarter for a project to extend its base oilsands mine to a new area when its current resource is depleted in about 2035.The project represents one of many options and wouldn't be officially approved for at least a decade, he stressed."We feel that filing in 2020 is prudent under the current regulatory process, including the effects of the new (federal) assessment act, to ensure adequate time is provided for the regulatory process," he said."Should we choose to extend the mine, the plan is to incorporate non-aqueous extraction technology which significantly reduces the costs and environmental impacts of mining oilsands versus our current operations."Suncor reported its MacKay River oilsands project, which produces about 30,000 bpd from wells, was shut down following an operational problem in December and is not expected back to be back on line until after March.The outage won't affect 2020 guidance for the company, Little said, because the loss of barrels can be counted under Alberta's ongoing oil production curtailment program.This report by The Canadian Press was first published Feb. 6, 2020.Companies in this story: (TSX:SU, TSX:HSE)Dan Healing, The Canadian Press

  • Suncor Energy posts $2.3B loss as it writes down oilsands and offshore assets
    The Canadian Press

    Suncor Energy posts $2.3B loss as it writes down oilsands and offshore assets

    CALGARY — Suncor Energy Inc. is reporting a net loss of $2.3 billion for the fourth quarter of 2019 due mainly to asset impairment charges of $3.3 billion.The Calgary company says about $2.8 billion of the charges are related to lower forecast oil prices for production from its Fort Hills oilsands mine in northern Alberta.About $393 million accounts for higher capital cost estimates for the West White Rose Project off Newfoundland and Labrador, expected to begin producing oil in 2022.Analysts had expected net income of $1.1 billion or 65 cents per share in the last three months of 2019, up from $580 million or 36 cents in the same quarter of 2018, according to financial markets data firm Refinitiv.Suncor reported comparable operating earnings rose to $782 million or 51 cents per share in the quarter ended Dec. 31 due to improved western Canadian crude oil prices.Total upstream production was 778,000 barrels of oil equivalent per day during the fourth quarter of 2019, compared to 831,000 boe/d in the prior year quarter.The decrease was mainly due to lower oilsands production of 418,000 barrels per day, compared with 433,000 in the year-earlier period, as a result of planned maintenance and provincial production curtailments in Alberta.The company says it will increase its quarterly dividend by 11 per cent to 46.5 cents per share in March.This report by The Canadian Press was first published Feb. 5, 2020.Companies in this story: (TSX:SU)The Canadian Press

  • GlobeNewswire

    Suncor Energy reports fourth quarter 2019 results

    Unless otherwise noted, all financial figures are unaudited, presented in Canadian dollars, and have been prepared in accordance with International Financial Reporting Standards, specifically International Accounting Standard 34 Interim Financial Reporting as issued by the International Accounting Standards Board. Production volumes are presented on a working-interest basis, before royalties, except for Libya, which are presented on an economic basis. Certain financial measures referred to in this news release (funds from operations, operating earnings, Oil Sands operations cash operating costs, Fort Hills cash operating costs and Syncrude cash operating costs) are not prescribed by Canadian generally accepted accounting principles (GAAP).

  • GlobeNewswire

    Suncor Energy declares increased dividend and announces additional share repurchase program

    Suncor Energy’s Board of Directors has approved a quarterly dividend of $0.465 per share on its common shares, payable March 25, 2020 to shareholders of record at the close of business on March 4, 2020. This dividend represents an approximate 11% increase over the prior quarter and marks 18 years of consecutive annualized dividend increases. In addition, the current $2.5 billion share repurchase program will expire at the end of February.

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