United States

Suncor Energy Inc (SU.N)

SU.N on New York Stock Exchange

24 Mar 2017
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$-0.07 (-0.23%)
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Latest Key Developments (Source: Significant Developments)

Suncor says Syncrude Canada site at minimum rates after fire
Wednesday, 15 Mar 2017 06:17pm EDT 

Suncor Energy :Says Syncrude facility in Canada's Alberta running at minimum rates after fire.  Full Article

Syncrude says fire under control but still burning at oil sands site
Wednesday, 15 Mar 2017 04:32pm EDT 

Syncrude Canada says: Fire at oil sands plant the result of a line failure that caused a treated naphtha leak . Fire remains isolated and controlled as of Wednesday afternoon . Remainder of oil sands operation remains in safe and stable condition . Once safe to proceed company will conduct complete damage assessment and begin repairs Further company coverage: [SU.TO] (Reporting By Nia Williams) ((nia.williams@thomsonreuters.com;)).  Full Article

Suncor Energy announces redemption of notes
Monday, 27 Feb 2017 06:00pm EST 

Suncor Energy Inc : Suncor Energy announces redemption of notes . Suncor Energy Inc - redeeming its outstanding US$1.25 billion 6.10% senior unsecured notes due 2018 . Suncor Energy Inc - redemption date will be April 26, 2017 and redemption price will be paid in accordance with indenture governing notes .Suncor Energy Inc- redemption of notes will be largely funded from proceeds of suncor's asset divestments realized earlier in 2017.  Full Article

Teck updates Fort Hills guidance
Wednesday, 8 Feb 2017 08:54pm EST 

Teck Resources Ltd : Teck updates Fort Hills guidance . Teck Resources- Suncor provided an update regarding its recently completed review of schedule, project costs and throughput . Teck-Suncor advises that review, at this stage of project development, provides high degree of confidence on schedule and project costs to completion . Teck Resources - Project remains on track to produce first oil in late 2017 . Teck Resources - Revised total project capital forecast is approximately 10% above project sanction estimate, excluding foreign exchange impacts . Teck-Co's share of project capital costs until completion as of dec 31, 2016, now expected to be $805 million, of which about $640 million to be spent in 2017 . Teck-Due to increase in capital cost, teck will record an after-tax impairment charge of $164 million in its q4 results . Teck Resources - Oil production from first of three secondary extraction units is still expected by end of 2017 . Teck Resources - Suncor is also exploring opportunity to reduce ramp-up period . Teck Resources - Suncor has announced an 8% increase in nameplate capacity to 194,000 barrels per day . Teck Resources - Co anticipates an average production rate of 186,000 barrels per day over life of project.  Full Article

Suncor Energy reports Q4 earnings per share C$0.32
Wednesday, 8 Feb 2017 08:10pm EST 

Suncor Energy Inc : Suncor Energy reports fourth quarter 2016 results . Q4 FFO per share C$1.42 . Oil sands operations cash operating costs per barrel decreased to $24.95 for Q4 of 2016 from $28.00 in prior year . Suncor Energy - Suncor's total upstream production of 738,500 boe/d in Q4 of 2016, compared with 582,900 boe/d in prior year quarter . Qtrly average refinery crude throughput was 427,300 bbls/d compared with 430,200 bbls/d in prior year quarter . There have been no changes to corporate guidance ranges previously issued on November 17, 2016 . Qtrly earnings per share C$0.32 . Suncor Energy Inc - Oil sands operations production of 433,400 bbls/d in Q4 of 2016, a slight decrease from 439,700 bbls/d in prior year quarter .Cost reduction efforts have resulted in significant savings in year, well exceeding targets set out in early 2016.  Full Article

Suncor Energy sets quarterly dividend of C$0.32 per share
Wednesday, 8 Feb 2017 07:34pm EST 

Suncor Energy Inc :Sets quarterly dividend of C$0.32per share.  Full Article

Fiera Infra acquires Suncor Energy's 50 pct interest in Cedar Point II
Wednesday, 25 Jan 2017 08:30am EST 

Fiera Capital Corp :Fiera Capital- Fiera Infra LP has acquired Suncor Energy's 50 percent interest in Cedar Point II limited partnership.  Full Article

Suncor Energy announces 2017 capital spending program and production outlook
Thursday, 17 Nov 2016 06:30am EST 

Suncor Energy Inc - : Suncor Energy announces 2017 capital spending program and production outlook . 2017 guidance includes a projected suncor oil sands operations cash operating costs per barrel range of $24.00 - $27.00 . Sees 2017 capital spending program of between $4.8 billion and $5.2 billion . Sees 2017 average production of 680,000 to 720,000 barrels of oil equivalent per day (boe/d) . Sees 2017 cash operating costs per barrel to be $32.00 - $35.00 .Approximately 40 per cent of 2017 capital spending program is allocated towards upstream growth projects.  Full Article

Suncor Energy says sets quarterly dividend of C$0.29 per share
Monday, 14 Nov 2016 07:55pm EST 

Suncor Energy Inc : Sets quarterly dividend of C$0.29 per share .Suncor energy declares dividend.  Full Article

HollyFrontier plans to double size of the company by 2020 - conf call
Monday, 31 Oct 2016 09:00am EDT 

HollyFrontier Corp: HollyFrontier says expects Suncor's Petro-Canada lubricants unit acquisition to generate $100-200 million of annual EBITDA . HollyFrontier says on a pro forma basis, sees lubricant to account for over 20 pct of normalized refining EBITDA compared with 10 pct EBITDA for HollyFrontier as a standalone . Says expects acquisition to lead to 3-22 percent EPS accretion for HollyFrontier in 2017 . "Our vision is basically to double the size of our company by the year 2020" Further company coverage: [HFC.N] ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

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BRIEF-Suncor Energy receives notice from Alberta Energy Regulator

* Suncor energy inc - received notice from alberta energy regulator that it has denied suncor base plant tailings management framework application