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Suncor Energy Inc (SU)

SU on New York Consolidated

32.23USD
2 Dec 2016
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Latest Key Developments (Source: Significant Developments)

Local 707A ratifies deal with Suncor
Friday, 16 Sep 2016 04:22pm EDT 

Suncor Energy Inc : Local 707A ratifies deal with Suncor after challenging bargaining .Unifor local 707A members ratified a collective agreement with suncor; deal will cover nearly 3,400 members.  Full Article

Energy union ratifies deal with Suncor
Thursday, 18 Aug 2016 08:45am EDT 

Unifor: Energy union ratifies deal with Suncor . Unifor has reached a three-year deal with Suncor .Unifor says tentative deal was reached on august 9 and ratified by local Unifor leaders this week.  Full Article

Suncor Energy says to buy interest in North Sea Rosebank project
Tuesday, 9 Aug 2016 04:40pm EDT 

Suncor Energy Inc : Suncor energy to acquire interest in north sea rosebank project . Under terms of agreement, suncor will make an initial payment of us$50 million on closing. . Transaction is subject to conditions, including regulatory approval, and is anticipated to close in q4 of 2016 . Suncor will make an initial payment of us$50 million on closing . Under some conditions, suncor could pay additional consideration to omv (u.k.) limited of up to us$165 million .Suncor energy uk limited will acquire a 30 per cent participating interest in u.k. North sea rosebank project from omv (u.k.) limited.  Full Article

Suncor Energy Q2 shr loss C$0.46
Wednesday, 27 Jul 2016 08:40pm EDT 

Suncor Energy Inc : Says forest fires reduced q2 oil sands production by approximately 20 million barrels . Says Oil Sands Operations production was 177,500 BBLS/D in Q2 of 2016, compared to 423,800 BBLS/D in prior year quarter . Q2 oper shr loss C$0.36 . Q2 shr loss C$0.46 . Says total upstream production decreased to 330,700 barrels of oil equivalent per day (BOE/D) in Q2 of 2016, compared with 559,900 BOE/D in prior year quarter .Says Suncor remains on track to achieve $750 mln reduction to its original 2016 capital budget.  Full Article

Suncor Energy says no changes to corporate guidance ranges previously issued on June 6
Wednesday, 27 Jul 2016 08:40pm EDT 

Suncor Energy Inc : no changes to corporate guidance ranges previously issued on june 6, 2016 . Says oil sands operations production was 177,500 bbls/d in q2 of 2016, compared to 423,800 bbls/d in prior year quarter .Says suncor remains on track to achieve $750 million reduction to its original 2016 capital budget.  Full Article

Suncor Energy declares dividend
Wednesday, 27 Jul 2016 08:11pm EDT 

Suncor Energy Inc : Suncor Energy declares dividend .Says board of directors has approved a quarterly dividend of $0.29 per share on its common shares.  Full Article

Suncor Energy declares dividend
Wednesday, 27 Jul 2016 07:30pm EDT 

Suncor Energy Inc : Suncor Energy declares dividend .Says board of directors has approved a quarterly dividend of $0.29 per share on its common shares.  Full Article

Total Net Generation for Suncor's Base Plant unit now at 9 MW- AESO
Friday, 17 Jun 2016 06:38am EDT 

Alberta Electric System Operator(AESO): Total Net Generation for Base Plant cogeneration unit in Alberta now at 9 MW from 0 MW earlier - AESO Source: The Alberta Electric System Operator (http://bit.ly/Wc5xWz) Related: FACTBOX-Power output soars in fire-ravaged Alberta oil sands [nL1N1980EL] (Reporting by Apeksha Nair) ((Apeksha.Nair@thomsonreuters.com; within U.S. +1 651 848 5832, outside U.S. +91 80 6749 6408 /1298; Reuters Messaging: apeksha.nair.thomsonreuters.com@reuters.net)).  Full Article

Suncor energy announces $2.5 bln bought-deal common share financing
Tuesday, 7 Jun 2016 04:23pm EDT 

Suncor Energy : Announces $2.5 Billion Bought Deal common share financing . Agreement to sell 71.5 million common shares from treasury, on a bought deal basis, at a price of $35.00 per share . Net proceeds of offering will be used for previously announced acquisition of an additional five percent interest in Syncrude JV . If over-allotment option is exercised in full, gross proceeds from offering are expected to be approximately $2.9 billion .Net proceeds of offering will also be used for reducing debt.  Full Article

Suncor provides RMWB production and 2016 corporate guidance update
Monday, 6 Jun 2016 06:28pm EDT 

Suncor Energy Inc : Suncor energy provides RMWB production and 2016 corporate guidance update . Ramping up production in a staged manner . As a result of RMWB fires, annualized total upstream production is now estimated to be between 585,000 and 620,000 barrels per day . Expects base plant operations to return to pre-fire production rates within a week. . There has been no damage to Suncor's assets as a result of fires . Expects that all of its operations in regional municipality of Wood Buffalo will be producing at normal, pre-turnaround rates by end of June . Construction activities at Suncor's Fort Hills Mine have also returned to pre-fire levels . Syncrude anticipates a return to production starting in late June . Anticipates cash operating costs per barrel to remain within guidance of $27-$30 per barrel for full year . Due to impact of fires on refinery feedstock, short unplanned outage at 1 unit of suncor's edmonton refinery, gasoline, diesel production reduced . As a result of actual asset performance to date, production guidance for exploration and production has been increased to 105,000 to 110,000 bbls/d . Edmonton unit expected to be back in service by end of week, currently working to minimize supply disruptions to retail and wholesale customers . Syncrude expects a full ramp up of production following completion of scheduled turnaround by mid-july.  Full Article

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Suncor Energy expects higher production, lower spending in 2017

Suncor Energy Inc, Canada's largest oil and gas company, said it expected production to rise by more than 13 percent next year and spending to fall by more than C$1 billion ($746 million).