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Suncor Energy Inc (SU)

SU on New York Consolidated

31.65USD
19 Jan 2017
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Latest Key Developments (Source: Significant Developments)

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

Hollyfrontier to acquire Suncor Energy's petro-Canada lubricants business
Monday, 31 Oct 2016 06:30am EDT 

Hollyfrontier Corp - : Hollyfrontier to acquire Suncor Energy's petro-Canada lubricants business . To acquire Suncor Energy's petro-Canada lubricants business for C$1.125 billion . Hollyfrontier Corp says anticipates acquisition will be immediately accretive to company's earnings per share and cash flow . Hollyfrontier expects to fund transaction with a combination of debt and cash on hand . With this transaction, company also acquires a perpetual exclusive license to use petro-Canada trademark in association with lubricants .Deal for C$1.125 billion includes working capital with an estimated value of c$342 million.  Full Article

Suncor Energy sells petro-Canada lubricants business for $1.125 bln
Monday, 31 Oct 2016 06:30am EDT 

Suncor Energy Inc - :Suncor Energy sells petro-Canada lubricants business for $1.125 billion.  Full Article

Suncor Energy sells petro-canada lubricants business for $1.125 bln
Monday, 31 Oct 2016 06:30am EDT 

Suncor Energy Inc : Suncor Energy sells Petro-Canada lubricants business for $1.125 billion . Suncor Energy Inc says under terms of agreement, Hollyfrontier will continue to operate lubricants business under Petro-Canada trademark . Sale includes PCLI's production and manufacturing centre in Mississauga, Ontario . Sale includes global marketing and distribution assets held by PCLI including global offices .Suncor - Sale includes PCLI's production and manufacturing centre in Mississauga, Ontario and global marketing and distribution assets held by PCLI.  Full Article

Suncor Energy Q3 earnings per share c$0.24
Wednesday, 26 Oct 2016 08:21pm EDT 

Suncor Energy Inc : Q3 operating earnings per share c$0.21 . Q3 earnings per share c$0.24 . Q3 earnings per share view c$0.09 -- Thomson Reuters I/B/E/S . Total upstream production was 728,100 barrels of BOE/D in Q3 of 2016, compared with 566,100 BOE/D in prior year quarter . Says continues to focus on disciplined execution of its 2016 capital plan . Says oil sands operations production increased to 433,700 BBLS/D in Q3 of 2016, compared to 430,300 BBLS/D in prior year quarter . Says company's strategy includes divesting of non-core assets that are not key components of integrated model . Says Suncor has updated its 2016 corporate guidance . Full year outlook range for capital expenditures has decreased from $6.0 billion to $6.5 billion to $5.8 billion to $6.0 billion . Says updates FY outlook on total production to 610 000 BOE/D - 625 000 BOE/D from earlier guidance of 585 000 BOE/D to 620 000 BOE/D . Suncor says advanced sales process for its lubricants business, commenced sales process for certain assets and liabilities related to its renewable energy business . Sees FY outlook for brent, sullom voe from US$40/BBL to US$44.00/BBL . Sees FY assumptions for WTI, cushing from US$39.00/BBL to US$43.00/BBL . Now sees FY 2016 synthetic crude oil sales of 255,000 BBLS/D to 265,000 BBLS/D.  Full Article

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

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Suncor resolves tax dispute with Canada Revenue Agency

Suncor Energy, Canada's largest oil and gas company, said on Monday that it had resolved a dispute with the Canada Revenue Agency (CRA) over its income tax treatment from 2007.