|Bid||31.98 x 1000|
|Ask||31.96 x 1400|
|Day's Range||31.02 - 31.99|
|52 Week Range||25.81 - 34.87|
|Beta (3Y Monthly)||1.42|
|PE Ratio (TTM)||14.07|
|Forward Dividend & Yield||1.27 (4.07%)|
|1y Target Est||42.83|
If you think interest rates are going higher, then it's time to load up on Suncor Energy (TSX:SU)(NYSE:SU). Here's why.
TORONTO - Some of the most active companies traded Tuesday on the Toronto Stock Exchange:Toronto Stock Exchange (16,892.18, down 89.29 points.)Continental Gold Inc. (TSX:CNL). Mining. Down six cents, or 1.11 per cent, to $5.33 on 11.6 million shares.Bombardier Inc. (TSX:BBD.B). Industrial. Down six cents, or 2.99 per cent, to $1.95 on 9.8 million shares.Harte Gold Corp. (TSX:HRT). Mining. Down five cents, or 28.57 per cent, to 12.5 cents on 9.7 million shares.Encana Corp. (TSX:ECA). Energy. Down four cents, or 0.78 per cent, to $5.12 on 9.6 million shares.Aurora Cannabis Inc. (TSX:ACB). Health care. Up five cents, or 1.55 per cent, to $3.27 on nine million shares.Suncor Energy Inc. (TSX:SU). Energy. Down 66 cents, or 1.6 per cent, to $40.71 on 7.3 million shares. \---Companies in the news:Bank of Montreal. (TSX:BMO). Finance. Down $2.14, or 2.12 per cent, to $98.57 on 3.6 million shares. The Bank of Montreal's fourth-quarter profit fell to $1.19 billion as it was hit by a restructuring charge related primarily to severance that will affect about five per cent of the its global workforce, the bank announced Tuesday. The quarter ended Oct. 31 included a $357-million restructuring charge as a result of the bank's decision to accelerate delivery of digitization initiatives and simplification of the way it does business.Hudson's Bay Co. (TSX:HBC). Retail. Down 43 cents, or 4.41 per cent, to $9.31 on 564,000 shares. An investment firm and Canada's oldest retailer will face off at a hearing at the Ontario Securities Commission as the battle to take Hudson's Bay Co. private heats up. Catalyst Capital Group Inc. said late Monday it filed a notice of application for a hearing with the OSC to block a privatization bid led by HBC executive chairman Richard Baker. A group of shareholders, including Baker, is offering a buyout priced at $10.30 per share. HBC's board approved the deal after the group bumped their price by 85 cents from $9.45 per share.Canadian National Railway Co. (TSX:CNR). Transport. Down $2.60, or 2.17 per cent, to $117.15 on 1.3 million shares. Canadian National Railway Co. cut its profit forecast Tuesday in the wake of an eight-day strike by 3,200 workers that brought the railway to a near halt. CN now predicts 2019 adjusted diluted earnings per share will grow in the mid single-digit range, down from earlier guidance targeting the high single-digits. The strike reduced its earnings per share by about 15 cents, CN estimated.The Canadian Press
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CALGARY — Oilsands giant Suncor Energy Inc. says it will keep capital spending related to its oil operations flat next year while moving forward with a new $300-million wind power project in southern Alberta.The Calgary-based company says its capital budget for 2020 will rise by about 10 per cent to a mid-point of $5.7 billion from this year's $5.15 billion.Suncor announced it has sanctioned the first 200-megawatt phase of its Forty Mile Wind Power Project, which received Alberta regulatory approval last spring. About 25 per cent of the capital cost is expected to be incurred this year and the remainder in 2020 and 2021.Suncor say the project is a key component of its sustainability strategy as it targets cutting its greenhouse gas intensity by 30 per cent by 2030.It says the 2020 capital budget increase also includes $300 million for its $1.4-billion project to replace coke-fired boilers at its oilsands base camp in northern Alberta with cleaner natural gas-powered co-generation units for heat for the plant and electricity for the provincial power grid.It also plans to invest $150 million in digital technology initiatives and $50 million to improve efficiency at the Syncrude oilsands mining complex by connecting it by pipeline with Suncor's nearby base camp works.“Looking forward to 2020, we will continue to focus on value over volume, investing in high-return projects that are largely independent of pipeline constraints and commodity price volatility, to deliver on our $2-billion incremental free funds flow target by 2023," said CEO Mark Little in a statement.Upstream production is expected to increase by about five per cent to about 820,000 barrels of oil equivalent per day.This report by The Canadian Press was first published Dec. 3, 2019.Companies in this story: (TSX:SU)The Canadian Press
(Bloomberg) -- Capital spending in Canada’s oil-sands reserves look set to continue to dwindle as pipeline bottlenecks persist and the Alberta government’s production limits remain in place.Husky Energy Inc. said early Monday that it’s cutting capital spending for 2020 and 2021 by a total of C$500 million ($375 million), and Suncor Energy Inc. said later in the day that it’s keeping spending on oil-related projects flat.While other major producers have yet to release spending plans for next year, the projections from Husky and Suncor show energy companies may continue to focus on wringing more profit from their existing output, rather than plowing money into churning out more barrels. After a year in which Canadian oil companies’ output was cut by mandatory production limits, Suncor is projecting a 5% production increase for next year, while Husky sees a 4% boost.“Looking forward, we will continue to focus on value over volume,” Suncor Chief Executive Officer Mark Little said in a statement. Suncor’s overall capital budget is increasing next year, but the added spending is being directed toward initiatives that will increase the company’s free funds flow, such as a cogeneration facility, digital technology initiatives and a bi-directional pipeline.The oil sands, which contain the world’s third-largest reserves of crude, have struggled to recover from the 2014-2016 downturn and a shortage of pipeline space that has weighed on prices and restrained production growth. Capital spending in the oil sands already was set to decline for the fifth straight year, to C$12 billion this year from C$33.9 billion in 2014, according to the Canadian Association of Petroleum Producers.To contact the reporter on this story: Kevin Orland in Calgary at firstname.lastname@example.orgTo contact the editors responsible for this story: Simon Casey at email@example.com, Carlos CaminadaFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
All financial figures are in Canadian dollars, unless noted otherwise CALGARY, Alberta, Dec. 02, 2019 -- Suncor released its 2020 corporate guidance today which focuses on.
Canadians approaching retirement might be quick to take advantage of CPP. Utilizing your CPP and supplementing it with stocks like Suncor can help you make the best of it.
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While two breakthroughs could change the face of energy investment, Suncor Energy Inc. (TSX:SU)(NYSE:SU) is still a top stock to buy and hold.
Suncor Energy is a top dividend stock in Canada, but is it a good company to invest in right now after the dip in prices it experienced earlier in this year?
Suncor Energy and Royal Bank of Canada are ideal stocks to consider if you are seeking a comfortable retirement plan for your later years.
Suncor Energy Inc (TSX:SU)(NYSE:SU) has always been the pinnacle for integrated energy companies in Canada. Let's see if any of its peers are worth investing in.
Suncor Energy Inc (TSX:SU)(NYSE:SU) owns some of the best oil and gas assets in the world, pays a generous dividend, and opportunistically engages in buybacks.
Small oil stocks can be risky, so many investors will want to play an oil recovery by investing in Suncor Energy Inc. (TSX:SU)(NYSE:SU) for a great dividend.