|Bid||16.96 x 2900|
|Ask||17.17 x 2200|
|Day's Range||16.86 - 17.33|
|52 Week Range||9.61 - 34.56|
|Beta (5Y Monthly)||1.70|
|PE Ratio (TTM)||7.54|
|Forward Dividend & Yield||0.60 (3.40%)|
|Ex-Dividend Date||Jun. 03, 2020|
|1y Target Est||N/A|
Suncor announced today that it has priced an offering of US$450 million in aggregate principal amount of senior unsecured notes due on May 15, 2023 (the “2023 Notes”) and US$550 million in aggregate principal amount of senior unsecured notes due on May 15, 2025 (the “2025 Notes” and, together with the “2023 Notes”, the “Notes”). The offering is expected to close on May 13, 2020, subject to customary closing conditions. Suncor intends to use the net proceeds from the sale of the Notes to repay short-term indebtedness and for general corporate purposes.
CALGARY, Alberta, May 06, 2020 -- Suncor held its Annual General Meeting in Calgary today. A total of approximately 1.16 billion shares (approximately 76.05% of outstanding.
The COVID-19 pandemic and the associated rapid demand reduction and the crude oil supply shock as a result of the OPEC+ production decisions are expected to keep crude oil prices lower for at least the next 12-24 months. In order to maintain the financial health and resiliency of the company to navigate the current market conditions, the company has reduced operating costs by $1 billion (10%) compared to 2019 levels. In addition, we have reduced 2020 capital expenditures by $1.9 billion (33%) compared to the original 2020 plan.
Unless otherwise noted, all financial figures are unaudited, presented in Canadian dollars (Cdn$), 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. References to Oil Sands operations exclude Suncor Energy Inc.’s interests in Fort Hills and Syncrude. CALGARY, Alberta, May 05, 2020 (GLOBE NEWSWIRE) -- “The COVID‑19 pandemic has led to an unprecedented decline in demand for transportation fuels and a significant oversupply of crude oil resulting in a substantial decline in crude oil prices,” said Mark Little, president and chief executive officer.
CALGARY, Alberta, April 27, 2020 -- Suncor will release its first quarter financial results on May 5, 2020 before 8:00 p.m. MT (10:00 p.m. ET). A webcast to review the first.
Petro-Canada, a Suncor business, is contributing $3 million to help meet the needs of Canadians and their communities. Over the coming days and weeks, at Petro-Canada locations across the country, our associates and their teams will acknowledge Canadians, who are supporting all essential work, through small acts of kindness. From fuel discounts, to meals, showers, or a small token of appreciation for our customers, these gestures are our way to say Thank You to all Canadians who are doing their part during this time of COVID-19.
Suncor announced today that its upcoming Annual General Meeting (AGM) will be held in a virtual-only format in light of public health concerns regarding COVID-19. Suncor believes in safety above all else. The decision to move to a virtual meeting was made in response to the recent health measures enacted by the federal and provincial governments, and to protect the health and safety of Suncor’s shareholders, employees, directors and other stakeholders.
Suncor announced today that it will issue $1.25 billion of senior unsecured Series 7 Medium Term Notes due on April 9, 2030 (the “Notes”). Suncor intends to use the net proceeds from the sale of the Notes to repay short-term indebtedness and for general corporate purposes. Pending any such use of the net proceeds, Suncor will invest the net proceeds in bank deposits and short-term marketable securities.
Suncor released a corporate update today, including revised 2020 corporate guidance for capital, operating costs and production outlook, reflecting the significant decline in the crude oil price and uncertainty surrounding the economic impact of COVID-19. “Our business model and financial strategy are designed to withstand volatile environments.” Suncor’s business model is built on long life, low decline assets and capturing the full value of the barrel through integration.
CALGARY, Alberta, Feb. 27, 2020 -- Suncor has filed its 2019 Annual Report, 2019 Annual Information Form and 2020 Management Proxy Circular. To view the company’s annual.
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).
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.
CALGARY, Alberta, Jan. 29, 2020 -- Suncor will release its fourth quarter financial results on Feb. 5, 2020 before 8:00 p.m. MT (10:00 p.m. ET). A webcast to review the fourth.
The decision to increase Suncor's share repurchase program was previously announced on November 13, 2019. Today, Suncor received approval from the Toronto Stock Exchange (TSX) to amend its existing normal course issuer bid (the NCIB) effective as of the close of markets on December 27, 2019 to purchase common shares through the facilities of the TSX, New York Stock Exchange and/or alternative trading platforms. The notice provides that Suncor may increase the maximum number of common shares that may be repurchased in the period beginning May 6, 2019 and ending May 5, 2020 from 50,252,231 shares, or approximately 3% of Suncor’s issued and outstanding common shares as at April 30, 2019, to 78,549,178, or 5% of Suncor’s issued and outstanding common shares as at April 30, 2019.
Canada’s Electric Highwayᵀᴹ includes more than 50 stations from Victoria, B.C. to Stewiacke, N.S. CALGARY, Alberta and VICTORIA, British Columbia, Dec. 17, 2019 (GLOBE NEWSWIRE) -- Petro-Canada, a Suncor business, today announced the completion of its coast-to-coast network of electric vehicle (EV) fast chargers. With locations from Nova Scotia to British Columbia, EV drivers will now be able to travel across the country with access to a fast charge network.
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.
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.
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.
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.
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).
CALGARY, Alberta, Oct. 23, 2019 -- Suncor will release its third quarter financial results on Oct. 30, 2019 before 8:00 p.m. MT (10:00 p.m. ET). A webcast to review the third.
All financial figures are in Canadian dollars. MONTREAL and CALGARY, Alberta, Oct. 15, 2019 (GLOBE NEWSWIRE) -- Enerkem Inc., a world-leading waste-to-biofuels and chemicals producer, today announced the closing of a $50 million equity investment from Suncor. As Canada's leading integrated energy company, Suncor first participated in the ownership of Enerkem in April 2019 as part of a $76.3 million equity financing alongside Enerkem's existing shareholders.
TORONTO, Sept. 18, 2019 /CNW/ - ArcTern Ventures, a venture capital firm investing globally in breakthrough clean technology companies addressing climate change and sustainability, announced today a second closing of its Fund II. In response to growing institutional investor and family office interest in planet-positive investments, ArcTern increased its second fund size to $200 million from $150 million, with new investors including TD Bank Group, Suncor, BDC, top family offices such as The Ivey Foundation, and another top Canadian pension fund.
Suncor today announced it is replacing its coke-fired boilers with two cogeneration units at its Oil Sands Base Plant. The cogeneration units will provide reliable steam generation required for Suncor’s extraction and upgrading operations and generate 800 megawatts (MW) of power. This project will increase demand for clean natural gas from Western Canada.
CALGARY, Alberta, Aug. 29, 2019 -- Mark Little, president and chief executive officer, will present at the Barclays CEO Energy-Power Conference on Wednesday, September 4, 2019.