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Suncor Energy Inc (SU.TO)

SU.TO on Toronto Stock Exchange

52.76CAD
18 May 2018
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Latest Key Developments (Source: Significant Developments)

Faroe Petroleum ‍sells 17.5 pct stake in Norway's Fenja to Suncor
Monday, 12 Feb 2018 02:00am EST 

Feb 12 (Reuters) - Faroe Petroleum Plc ::‍HAS EXECUTED A TRANSACTION WITH SUNCOR ENERGY NORGE AS ('SUNCOR') FOR SALE OF A 17.5% WORKING INTEREST IN FENJA DEVELOPMENT LOCATED IN PL586 IN NORWEGIAN SEA​.‍FAROE TO SELL 17.5% STAKE IN FENJA DEVELOPMENT TO SUNCOR FOR CASH CONSIDERATION OF $54.5 MILLION (INCLUDING TAX BALANCES)​.‍TO RETAIN 7.5% STAKE IN FENJA, UNDERLINING FAROE'S SUPPORT FOR PROJECT, AND FULLY ALIGNING FAROE'S EQUITY AT 7.5% ACROSS GREATER NJORD AREA (NJORD, FENJA, BAUGE AND HYME)​.‍TRANSACTION IS EXPECTED TO REDUCE FAROE'S FUTURE CAPITAL EXPENDITURE ON FENJA TO APPROXIMATELY £70 MILLION​.‍MAINTAINS FAROE'S STRONG BALANCE SHEET AND FULLY FUNDED POSITION ACROSS ITS PORTFOLIO OF NORWEGIAN FIELD DEVELOPMENTS​.‍TRANSACTION HAS A 1 JANUARY 2018 EFFECTIVE DATE AND REMAINS SUBJECT TO USUAL AND CUSTOMARY CONDITIONS​.‍TRANSACTION IS ANTICIPATED TO COMPLETE DURING H1 2018​.‍OPERATOR, VNG NORGE AS, EXPECTS TOTAL GROSS RECOVERABLE RESERVES FROM FENJA DEVELOPMENT OF APPROXIMATELY 97 MILLION BARRELS OF OIL EQUIVALENT (72% OF WHICH IS OIL)​.  Full Article

Suncor CEO says Canada becoming more difficult place for investment
Thursday, 8 Feb 2018 10:22am EST 

Feb 8 (Reuters) - Suncor Energy Inc executives, speaking on a conference call with analysts on Thursday::SUNCOR EXPECTS C$1 PER BARREL OPERATIONAL COST SAVINGS FROM AUTONOMOUS HAUL TRUCKS PHASED IN OVER 6 YEARS - PRESENTATION.SUNCOR HAS SOLD MONTNEY LAND HOLDINGS FOR C$52 MILLION AND 37 PERCENT EQUITY INTEREST IN CANBRIAM ENERGY - CEO.SUNCOR PLANS TO RAMP UP FORT HILLS OIL SANDS MINE TO AT LEAST 90 PERCENT OF CAPACITY BY YEAR END - COO.SUNCOR 'NOT EXPOSED' TO CURRENT PIPELINE CAPACITY CONSTRAINTS, OR PRICE DIFFERENTIAL - CEO.REGULATION, HIGHER TAXATION MAKING CANADA 'MORE DIFFICULT PLACE TO ALLOCATE CAPITAL' - SUNCOR CEO.  Full Article

Suncor Energy Q4 FFO Per Share C$1.83
Wednesday, 7 Feb 2018 08:33pm EST 

Feb 7 (Reuters) - Suncor Energy Inc ::SUNCOR ENERGY REPORTS FOURTH QUARTER 2017 RESULTS.Q4 FFO PER SHARE C$1.83.QTRLY ‍OIL SANDS OPERATIONS CASH OPERATING COSTS PER BARREL (BBL) WERE $24.20, COMPARED TO $24.95 IN PRIOR YEAR QUARTER​.QUARTERLY UPSTREAM PRODUCTION WAS 736,400 BARRELS OF OIL EQUIVALENT PER DAY VERSUS 738,500 BOE/D.‍OIL SANDS OPERATIONS PRODUCTION WAS 446,800 BARRELS PER DAY (BBLS/D) IN Q4 OF 2017, COMPARED TO 433,400 BBLS/D IN PRIOR YEAR QUARTE​.SUNCOR ENERGY - ‍PRODUCTION VOLUMES IN EXPLORATION AND PRODUCTION (E&P) WERE 115,200 BOE/D IN Q4 OF 2017, COMPARED TO 118,100 BOE/D IN PRIOR YEAR QUARTER​.‍R&M'S REFINERY CRUDE THROUGHPUT WAS 432,400 BBLS/D IN Q4 OF 2017, COMPARED TO 427,300 BBLS/D IN PRIOR YEAR QUARTER​.SAYS FORT HILLS AND HEBRON HAVE BEEN SAFELY BROUGHT ONLINE AND ARE NOW PRODUCING OIL.‍FORT HILLS PROJECT PRODUCTION RAMP UP TO PROJECT'S NAMEPLATE CAPACITY OF 194,000 BBLS/D IS PROGRESSING ON SCHEDULE​.SAYS HAS UPDATED ITS FY BUSINESS ENVIRONMENT OUTLOOK ASSUMPTION AS A RESULT OF RECENTLY ANNOUNCED CHANGE IN U.S. CORPORATE TAX RATE.  Full Article

Suncor Energy Declares Increased Dividend
Wednesday, 7 Feb 2018 07:00pm EST 

Feb 7 (Reuters) - Suncor Energy Inc ::SUNCOR ENERGY DECLARES INCREASED DIVIDEND.SAYS HAS APPROVED A QUARTERLY DIVIDEND OF $0.36 PER SHARE ON ITS COMMON SHARES, PAYABLE MARCH 26, 2018.‍DIVIDEND REPRESENTS A 12.5% INCREASE OVER PRIOR QUARTER​.  Full Article

Suncor Energy announces further debt reduction
Wednesday, 22 Nov 2017 06:00pm EST 

Nov 22 (Reuters) - Suncor Energy Inc ::Suncor Energy announces further debt reduction.Suncor Energy Inc - ‍has given notice of redemption to Bank Of New York Mellon and Computershare Trust Company Of Canada​.Suncor Energy Inc - ‍given notice of redemption was sent to holders of notes on November 15, 2017​.Suncor Energy Inc - ‍upon redemption of notes, suncor will have redeemed all outstanding long term debt due in 2018​.Suncor Energy - to use proceeds from sale of interest in east tank farm development​, issuance of notes for redemption of $600 million notes, C$700 notes.  Full Article

Suncor Energy announces 2018 capital program and production outlook
Wednesday, 15 Nov 2017 06:00pm EST 

Nov 15 (Reuters) - Suncor Energy Inc ::Suncor Energy announces 2018 capital program and production outlook.‍2018 corporate guidance includes a capital program of between $4.5 billion​ and $5.0 billion​.Sees 2018 ‍average upstream production of 740,000 to 780,000 barrels of oil equivalent per day (boe/d)​.Sees FY 2018 Suncor refinery throughput of 415,000 bbls/d - 435,000 bbls/d​.  Full Article

Suncor Energy announces pricing of $750 mln notes offering
Wednesday, 8 Nov 2017 06:00pm EST 

Nov 8 (Reuters) - Suncor Energy Inc ::Suncor Energy announces pricing of US$750 million notes offering.Suncor Energy - ‍priced offering of $750 million in aggregate principal amount of senior unsecured notes due on November 15, 2047​.Suncor Energy Inc - ‍2047 notes will have a coupon of 4.000%​.  Full Article

Suncor Energy announces pricing of $750 mln notes offering
Wednesday, 8 Nov 2017 06:00pm EST 

Nov 8 (Reuters) - Suncor Energy Inc ::Suncor Energy announces pricing of US$750 million notes offering.Suncor Energy Inc - ‍priced an offering of US$750 million in aggregate principal amount of senior unsecured notes due on November 15, 2047​.  Full Article

Suncor expects Fort Hills project to operate at 90 pct capacity by Q4 2018
Thursday, 26 Oct 2017 10:37am EDT 

Oct 26 (Reuters) - Suncor Energy : :CEO says company has made progress towards resolving commercial dispute with Fort Hills partner Total SA <<>>.Expects to be operating 190,000 bpd Fort Hills oil sands plant at 90 percent capacity by this time next year .Suncor CEO expects 2018 capital spending to be in C$4.5 billion to C$5 billion range.CEO says unit 1 upgrader at oil sands base plant will undergo major turnaround next year, maintenance also planned at Edmonton refinery.CEO says looking at using automated vehicles at Fort Hills oil sands plant to help reduce operating costs.Says once Fort Hills operating, company will sell nearly 200,000 bpd of its production to third parties.  Full Article

Suncor Energy says Q3 operating earnings of C$0.52 per common share​
Wednesday, 25 Oct 2017 08:00pm EDT 

Oct 25 (Reuters) - Suncor Energy Inc -​:Reports third quarter 2017 results.Syncrude achieved ‍production of 159,100 barrels per day (bbls/d) in q3 .Q3 FFO per share C$1.49.Says Suncor recorded q3 2017 operating earnings of C$0.52 per common share​.Qtrly ‍total upstream production of 739,900 boe/d in q3 of 2017, compared to 728,100 boe/d in prior year quarter​.  Full Article

Suncor CEO expects Canada to move soon to ensure oil pipeline is built

CALGARY, Alberta The chief executive of Canada's Suncor Energy Inc said on Wednesday he expected Prime Minister Justin Trudeau to move in the "next few weeks" to ensure that Kinder Morgan Canada's Trans Mountain oil pipeline expansion goes ahead.