SU - Suncor Energy Inc.

NYSE - NYSE Delayed price. Currency in USD
31.77
-0.18 (-0.56%)
At close: 4:02PM EST
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Previous close31.95
Open31.97
Bid31.75 x 1300
Ask31.83 x 3100
Day's range31.70 - 32.13
52-week range25.81 - 34.87
Volume2674006
Avg. volume2,782,020
Market cap49B
Beta (5Y Monthly)1.46
PE ratio (TTM)14.01
EPS (TTM)2.27
Earnings dateN/A
Forward dividend & yield1.26 (3.96%)
Ex-dividend date2019-12-02
1y target est42.83
  • Oil & Gas Stock Roundup: Kinder Morgan's 2020 Plans, Chesapeake's Debt Financing & More
    Zacks

    Oil & Gas Stock Roundup: Kinder Morgan's 2020 Plans, Chesapeake's Debt Financing & More

    The U.S. crude benchmark marked the highest settlement since September after the OPEC+ group announced cutting output by as much as 500,000 barrels per day from Jan 1 for three months.

  • Oilprice.com

    Cautious Canadian Oil Majors Forced To Cut Spending

    Canadian oil majors continue to send mixed signals, and while some remain upbeat about 2020, many are announcing spending cuts

  • Suncor Energy (SU) Announces 2020 CapEx & Production Plan
    Zacks

    Suncor Energy (SU) Announces 2020 CapEx & Production Plan

    Suncor Energy (SU) issues total capital budget outlook for 2020 in the range of C$5.4-C$6 billion.

  • Bloomberg

    Oil Sands Giants Restrain Spending as Pipeline Pinch Persists

    (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 korland@bloomberg.netTo contact the editors responsible for this story: Simon Casey at scasey4@bloomberg.net, Carlos CaminadaFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • GlobeNewswire

    Suncor Energy announces 2020 capital program and production outlook

    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.

  • Zacks Value Trader Highlights: RH, Occidental Petroleum, Suncor Energy, Phillips 66 and Restaurant Brands
    Zacks

    Zacks Value Trader Highlights: RH, Occidental Petroleum, Suncor Energy, Phillips 66 and Restaurant Brands

    Zacks Value Trader Highlights: RH, Occidental Petroleum, Suncor Energy, Phillips 66 and Restaurant Brands

  • Buffett is Buying Energy and Retail: Should You?
    Zacks

    Buffett is Buying Energy and Retail: Should You?

    Do you have the guts to dive into the two most hated industries on the Street?

  • GlobeNewswire

    Suncor Energy declares dividend and announces increase to share repurchase program

    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.

  • GlobeNewswire

    Suncor accelerates digital transformation journey through strategic alliance with Microsoft

    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.

  • Here's What Suncor Energy Inc.'s (TSE:SU) ROCE Can Tell Us
    Simply Wall St.

    Here's What Suncor Energy Inc.'s (TSE:SU) ROCE Can Tell Us

    Today we'll look at Suncor Energy Inc. (TSE:SU) and reflect on its potential as an investment. To be precise, we'll...

  • Imperial Oil (IMO) Earnings and Sales Lag Estimates in Q3
    Zacks

    Imperial Oil (IMO) Earnings and Sales Lag Estimates in Q3

    Imperial Oil (IMO) returns C$512 million to its shareholders through dividends and share buybacks in the third quarter.

  • GlobeNewswire

    Suncor Energy announces Lorraine Mitchelmore to join Board of Directors

    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.

  • Suncor (SU) Beats on Q3 Earnings, Tightens Production View
    Zacks

    Suncor (SU) Beats on Q3 Earnings, Tightens Production View

    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.

  • GlobeNewswire

    Suncor Energy reports third 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 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).

  • GlobeNewswire

    Suncor Energy to release third quarter 2019 financial results

    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.

  • Suncor Energy (SU) Expected to Beat Earnings Estimates: Can the Stock Move Higher?
    Zacks

    Suncor Energy (SU) Expected to Beat Earnings Estimates: Can the Stock Move Higher?

    Suncor Energy (SU) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

  • GlobeNewswire

    Suncor Energy increases its participation in Enerkem, strengthening their existing relationship

    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.

  • Should Value Investors Consider Suncor Energy (SU) Stock?
    Zacks

    Should Value Investors Consider Suncor Energy (SU) Stock?

    Is Suncor Energy (SU) a great pick from the value investor's perspective right now? Read on to know more.

  • From Binge to Bust: A Canadian Oil Town Lines Up at the Food Bank
    Bloomberg

    From Binge to Bust: A Canadian Oil Town Lines Up at the Food Bank

    (Bloomberg) -- Dan Edwards watched Fort McMurray, Alberta, turn into the insolvency capital of Canada from a brown brick warehouse on King Street, home to the Wood Buffalo Food Bank.Ten years ago, about 2,000 people came by every month for jars of peanut butter and cans of soup. Now, he and his staff help feed four times that. Before, the clientele was mostly folks struggling to pay rents that shot up during the oil boom. Today, it’s often men and women who were living high before the bust. Sometimes, they pull up in shiny pickups purchased just a year or two ago. “You never know who’s going to walk through your door,” said Edwards, the food bank’s director. “Individuals that have degrees and education and skills—but the jobs just aren’t what they were.”Once the booming heart of the country’s energy industry, the little city of 75,000 in northeastern Alberta has become a showcase for the debt troubles many Canadians are facing. Fat paychecks and generous overtime earlier this decade fueled big spending on customized pickups and million-dollar homes. With work drying up, the bill has come due.Read More: Drowning in Debt, Freaked-Out Canadians Brace for a ReckoningConsumer insolvency filings in the Fort McMurray district climbed 39% in 2018, the largest percentage increase in Canada, federal data show. Claims against property, the first step in the foreclosure process, surged almost tenfold over the past three years, according to court records. The city’s 90-day delinquency rate on non-mortgage loans climbed to 1.75% in the second quarter, compared with 1.12% nationally, according to Equifax Canada.The five-year slump that’s cut oil prices in half since 2014 has been a driver in the bust. What piled on the pain was a crippling shortage of pipelines out of the McMurray Formation, a massive reserve of crude-laden oil sands. Plans for new lines have been squelched or stalled by court challenges from an array of opponents, including U.S. activists who view the oil sands as a “carbon bomb” that will one day unleash a climate catastrophe.Stewardship of the energy industry has become a central issue of Canada’s federal election later this month. The Conservative Party has portrayed itself as a champion of the sector and pledges to remove regulations Prime Minister Justin Trudeau implemented. The Liberals, meanwhile, are trying to strike a balance between developing Alberta’s energy resources and making Canada a leader in combating climate change.Video: Fort McMurray, Once Booming Oil Town, Is Now the Insolvency CapitalIn May, after five years at Suncor Energy Inc.’s Fort Hills oil-sands mine, Steve Richardson was let go, like many others in the industry.Richardson earned around six figures most years as a heavy equipment operator. For about 10 months, he commuted from Vancouver Island in British Columbia, with Suncor paying for most of his flights and putting him up in a camp near the work site. He’d dig trenches for 14 days, then go home for seven.After the travel reimbursements stopped, he moved his family to a small town about a seven-hour drive from Fort Mac, so he could keep the job. Now he’s doing short-term work and making economies where he can, such as canceling his family’s cable subscription. “I spend a lot of time wondering what the next job is going to be,” Richardson, 42, said. He’s thankful he resisted buying boats or taking vacations on credit, as many of his friends did. “I never got into all the toys. I’m kind of fortunate that way, that I didn’t have to sell everything off like some other people. I’ve seen a lot of that. It’s like a fire sale.”The energy business has long been core to the local economy. Commercial production got off the ground in the 1940s, but the oil was always a devil to recover. It’s mired in a sludge that has to be tediously pumped out or strip-mined in open pits. Either way, the process is technologically challenging.The potential, though, is staggering. With 165.4 billion barrels, these oil sands are the world’s third-largest proven reserve, trailing only those in Venezuela and Saudi Arabia. As oil prices were climbing from 2004 to 2014, the industry invested C$210.1 billion ($157.7 billion), more than last year’s combined total capital spending by all of the companies in the Dow Jones Industrial Average.Over those 10 years, oil-sands output more than doubled, to 2.2 million barrels a day. Canada shot up from the world’s eighth-largest oil-producing nation to the fifth-largest, overtaking Iran, Mexico and Norway.It was a heady time.Tax revenue and corporate sponsorships paid for a revamp of the Fort McMurray International Airport, improvements to schools, top-notch hockey facilities and a gleaming new recreation center, where Carrie Underwood was a recent headliner.The city’s population doubled as workers crowded in from around the country, sending rents and home prices surging and prompting a cascade of typical boomtown challenges, from crazy traffic to crowded schools. Companies, desperate for labor, threw six-figure salaries at low-skill jobs and covered commuting costs for roughnecks and people from as far away as Canada’s Atlantic Coast. Median annual household incomes more than doubled from 2001 to 2011, to about C$181,000. Then oil prices tanked. The pipeline plans stalled. International giants, including Royal Dutch Shell Plc, ConocoPhillips and Total SA sold off their major oil-sands assets. Capital investments are on track to decline for a fifth straight year to an estimated C$12 billion this year, about one-third of the 2014 level, according to the Canadian Association of Petroleum Producers.Several operators—Suncor, Canadian Natural Resources Ltd., Cenovus Energy Inc. and a few others—are still active and generally profitable. But they’ve managed that by cutting costs, including, of course, that of labor.“People aren’t getting the overtime that they used to get, or they’re not getting any overtime at all,” said Sandra Landry, an insolvency trustee at MNP Ltd.If things weren’t bad enough when oil bottomed around $26 a barrel in early 2016, the largest wildfire in recent history swept through the Fort Mac area that May. It forced the evacuation of more than 80,000 people, destroyed almost 2,000 homes and caused about C$3.7 billion in insured losses, making it the country’s costliest natural disaster.“The housing market is down, there’s the economic downturn and there’s still the recovery from the fire,” said Don Scott, mayor of the Regional Municipality of Wood Buffalo, which includes Fort McMurray. Home prices remain 44% below the recent peak.Sean O’Byrne moved to Fort Mac from Grande Prairie, Alberta, after the fire to open a branch of a friend’s siding business to repair damaged houses. That work dried up in November. Now he’s selling cars, making far less than the C$1,000 a day he could rake in with the siding business; customers at the General Motors dealership are no longer trading in for new models every two years. He and his wife have cut back on travel and moved to a cheaper apartment closer to their children’s school, saving C$900 in rent, he said while sipping coffee in a Tim Hortons doughnut shop facing a forested area, where charred trees stick out among new growth.“People aren’t spending money like they used to,” he said.They likely won’t be in the near future. There are only a few projects on the horizon that would create many new jobs. Teck Resources Ltd.’s proposed C$20 billion Frontier mine is in the early stages of the regulatory-approval process. Imperial Oil Ltd., a subsidiary of Exxon Mobil Corp., has put its long-planned C$2.6 billion Aspen mine on hold, waiting to see if the pipeline situation improves.There aren’t many bets being laid that it will. More than a few folks would rather it not. Since the frenzy died down, traffic has returned to normal, in part because the oil money helped build a new bridge, over the Athabasca river. The unemployment rate, which skyrocketed to around 10% in 2016, has settled down to 6.3%, mostly a function of workers decamping for more promising prospects.“That massive boom and gold-rush mentality that took place—I would rather not relive that,” said Alex Pourbaix, chief executive officer of Cenovus, adding the entire industry has learned the benefits of measured growth.These days, the company will only consider expansion projects that will be profitable with the benchmark U.S. oil price at $45 a barrel, about $10 less than the current level. Some oil-sands projects undertaken a decade ago required $100 a barrel to break even.John Hickey is also content with the slowdown. A mechanic who works on used oil-industry vehicles, he lost his house in the wildfire. Two years ago, a builder quoted him C$500,000. The offers keep moving down, and he’s waiting for one to get to $200,000 or so before going ahead.In the meantime, he’s sharing a one-bedroom condo with a friend, sleeping in a tent in the living room to give himself a bit of privacy. He still has work and has always lived within his means, a lesson for places like Fort Mac that can see the money go as quickly as it came, he said.Too many, he said, “made a lifestyle based on an economy that wasn’t sustainable.”  To contact the authors of this story: Kevin Orland in Calgary at korland@bloomberg.netChris Fournier in Ottawa at cfournier3@bloomberg.netTo contact the editor responsible for this story: David Scanlan at dscanlan@bloomberg.net, Simon CaseyAnne ReifenbergJacqueline ThorpeFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Suncor Energy to Pump C$1.4B Into Two Cogeneration Units
    Zacks

    Suncor Energy to Pump C$1.4B Into Two Cogeneration Units

    Suncor Energy's (SU) C$1.4-billion worth project to be operational in the second half of 2023 will enable it to meet its goal of hiking the free fund flow by C$2 billion.

  • GlobeNewswire

    Suncor Energy to invest $1.4 billion in low-carbon power cogeneration at its Oil Sands Base Plant

    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.

  • GlobeNewswire

    Suncor Energy to present at the Barclays CEO Energy-Power Conference 2019

    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.

  • Suncor Energy (SU) Down 4.2% Since Last Earnings Report: Can It Rebound?
    Zacks

    Suncor Energy (SU) Down 4.2% Since Last Earnings Report: Can It Rebound?

    Suncor Energy (SU) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

  • Oilprice.com

    Canada’s Oil Crisis Is Far From Over

    The negatives for Canadian oil are multiple: Pipeline bottlenecks, heavier and lower quality oil, mandatory production cuts, high sulfur content, and high-cost and carbon-intensive