|Bid||32.36 x 2200|
|Ask||32.97 x 3000|
|Day's Range||32.11 - 32.50|
|52 Week Range||25.81 - 34.87|
|Beta (3Y Monthly)||1.42|
|PE Ratio (TTM)||14.32|
|Forward Dividend & Yield||1.27 (3.95%)|
|1y Target Est||42.83|
Suncor Energy Inc. (TSX:SU) (NYSE:SU) stock is backed by an almost 4% dividend yield, strong cash flows and balance sheet, and a clear short-term and long-term strategic plan.
Suncor Energy’s Board of Directors has approved a quarterly dividend of $0.42 per share on its common shares, payable December 24, 2019 to shareholders of record at the close of business on December 3, 2019. Suncor’s Board of Directors has also approved an increase to the company’s current share repurchase program of an additional $500 million increasing the program from $2.0 billion to $2.5 billion. Suncor will continue to be opportunistic in its execution of the program and, should market conditions allow, Suncor expects to repurchase between $2.0 and $2.5 billion of common shares by the end of February 2020.
Boosting your after-tax CPP is simple. Put your money in Canadian Natural Resources stock and Suncor Energy stock and be patient. Let the magic of compounding interest grow your retirement fund tenfold.
Suncor today announced a multi-year strategic alliance with Microsoft Canada as a part of the company’s effort to further accelerate its digital transformation journey. Suncor has selected Microsoft as its strategic cloud provider, tapping into the full range of Microsoft’s cloud solutions to empower a connected and collaborative workforce, upgrade data centres, and increase analytics capabilities. Suncor will also collaborate with Microsoft on innovation projects, drawing on expertise and opportunities from both organizations.
Warren Buffett loves Canadian companies like Suncor Energy Inc (TSX:SU)(NYSE:SU), but that's not the only stock he owns. Find out what other TSX bets Buffett has been making.
CALGARY, Alberta , Nov. 06, 2019 -- Suncor today announced the appointment of Lorraine Mitchelmore to the company’s board of directors. Ms. Mitchelmore’s appointment is.
Buy Prairiesky Royalty Ltd (TSX:PSK) to benefit from monster positive free cash flow with almost no capital risk.
Suncor Energy Inc (TSX:SU)(NYSE:SU) has long been the industry leader for Canadian integrated oil companies, but now one of its peers is challenging it for top spot.
Suncor Energy's (SU) operating earnings from the downstream unit decline to C$668 million in Q3 from C$932 million in the prior year due to weak refining margins.
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Here's why Suncor Energy Inc. (TSX:SU)(NYSE:SU) is a Canadian gem through the eyes of Warren Buffett and why TFSA investors should load up on the stock today.
TORONTO — Some of the most active companies traded Thursday on the Toronto Stock Exchange:Toronto Stock Exchange (16,483.16, down 18.27 points.)Encana Corp. (TSX:ECA). Energy. Down 37 cents, or 6.69 per cent, to $5.16 on 16.3 million shares.Bombardier Inc. (TSX:BBD.B). Industrials. Up seven cents, or 4.4 per cent, to $1.66 on 14.7 million shares.Crescent Point Energy Corp. (TSX:CPG). Energy. Down 38 cents, or 7.32 per cent, to $4.81 on 6.7 million shares.Vermilion Energy Inc. (TSX:VET). Energy. Down $1.93, or 9.98 per cent, to $17.40 on 5.1 million shares.Suncor Energy Inc. (TSX:SU). Energy. Down 55 cents, or 1.38 per cent, to $39.16 on 4.6 million shares.First Quantum Minerals Ltd. (TSX:FM). Materials. Down 57 cents, or 4.87 per cent, to $11.13 on 4.6 million shares. Companies in the news:Bombardier Inc. — Bombardier Inc. has signed a US$1.2-billion deal to sell its aerostructures business as the plane-and-train maker continues its shift toward business jets and railcars. Spirit AeroSystems Holdings Inc. has signed a definitive agreement with the Montreal-based company to buy its factories in Belfast, U.K., and Casablanca, Morocco, as well as its maintenance plant in Dallas. Under the agreement, Spirit will pay US$500 million in cash and assume liabilities of more than US$700 million. Bombardier lost US$91 million on $3.72 billion in revenue in its third quarter. That compared with a profit of $149 million on $3.64 billion in revenue a year ago.Resolute Forest Products Inc. (TSX:RFP). Down $1.27 or 21.2 per cent to $4.72. Shares of Resolute Forest Products Inc. dropped to an all-time low Thursday after the pulp, paper and lumber producer missed expectations as it swung to a third-quarter loss. Resolute says its net loss attributable to shareholders was US$43 million or 47 cents per diluted share for the period ended Sept. 30, compared with a profit of US$117 million or $1.25 per share a year earlier. The adjusted net loss was US$34 million or 37 cents per share. That compared with an adjusted profit of $96 million or $1.03 per share in the prior year. Sales fell 27.6 per cent to $705 million from $974 million in the third quarter of 2018.BCE Inc. (TSX:BCE). Down 26 cents to $62.48. Bell's wireless division had record third-quarter subscriber additions and it's in a good competitive position amid major industry changes such as new unlimited data plans and device financing options, BCE Inc. executives said Thursday. BCE chief executive George Cope, who is set to retire in January, opened his last quarterly analyst call with a long list of favourable metrics in the Bell wireless division, including improved revenue per user and margins. The telecommunications and media company also signalled that it's on track to meet its key 2019 full-year financial targets, a contrast to the reduced outlook announced last week by Rogers Communications Inc.Encana Corp. — Encana Corp., one of Canada's oldest and largest energy companies, is moving its corporate headquarters from Calgary to the United States to bolster its access to deep-pocketed investors. The company, which is also changing its name to Ovintiv Inc., says having a U.S. address will expose it to increasingly larger pools of investment in U.S. index funds and passively managed accounts. The change came as Encana announced a third-quarter profit of $149 million or 11 cents per share, up from a profit of $39 million or four cents per share a year ago.SNC-Lavalin Group Inc. (TSX:SNC). Up $4.06 or 20.6 per cent to $23.81. The head of SNC-Lavalin Group Inc. says he is not expecting a plea deal on criminal charges against the engineering firm in the wake of the Liberal election victory. Ian Edwards says the company is focused on defending itself through the court process. The partial sale of SNC's stake in the Ontario Highway 407 toll road drove a massive year-over-year profit increase in the third quarter. About $2.6 billion of the firm's $2.76 billion in net income last quarter — up from $120.7 million a year earlier — came from the after-tax gains of the 407 sale. On an adjusted basis, which excluded the 407 sale, SNC said it earned $218.0 million or $1.24 per share in its third quarter, up from an adjusted profit of $168.4 million or 96 cents per share a year ago. This report by The Canadian Press was first published Oct. 31, 2019.The Canadian Press
Vermilion Energy (TSX:VET)(NYSE:VET) and Suncor (TSX:SU)(NYSE:SU) suffered the most prominent losses in the energy sector on Thursday on breaking news reports.
CALGARY — Suncor Energy Inc. is reporting lower third-quarter net income as higher upstream and refining production was offset by lower commodity prices and refinery profit margins.The Calgary-based oil and gas producer, refiner and fuel retailer says it earned $1.035 billion or 67 cents per share in the three months ended Sept. 30 on revenue of $9.9 billion.That compares with net earnings of $1.81 billion or $1.12 per share on revenue of $10.9 billion in the year-earlier period.Analysts had expected net income of $1.25 billion or 77 cents per share on revenue of $10.31 billion, according to financial markets data firm Refinitiv.Total upstream production was 762,300 barrels of oil equivalent per day, compared to 743,800 boe/d in the third-quarter of 2018.The increase came from higher production at Syncrude (Suncor has a 58.7 per cent interest), as well as the ramp up of output from the Fort Hills oilsands mine and Hebron East Coast offshore project, offset by maintenance outages, provincially mandated production curtailments in Alberta and an unplanned outage at the Hibernia offshore facility.Suncor reduced its production guidance for 2019 to a mid-point of 785,000 boe/d, down from 800,000 boe/d, in part to reflect higher than expected levels of curtailment in the fourth quarter.This report by The Canadian Press was first published Oct. 30, 2019.Companies in this story: (TSX:SU)The Canadian Press
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 is on an entitlement basis. Certain financial measures referred to in this news release (funds from operations, operating earnings, free funds flow, 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).
Warren Buffett made the right move in choosing the Suncor stock and Restaurant Brands stock from among the Canadian companies. Both dividend stocks are resilient in a bear market.
Toronto Dominion Bank (TSX:TD) (NYSE:TD) and Suncor Energy (TSX:SU) are two fo Canada's top companies. Is one a better buy today?