Suncor Energy

Canadian Oil Sands is a Canadian company that generates income from its oil sands investment in the Syncrude Joint Venture. Syncrude operates an oil sands facility and produces crude oil through the mining of oil sands from ore deposits in the Athabasca region of northern Alberta, Canada. As of January 2, 2007, the company holds a 36.74% interest in Syncrude, which is the largest stake of any of the joint owners.

Canadian Oil Sands

Syncrude is one of the world's largest producers of synthetic crude oil from oil sands and the largest single source producer in Canada. It is located just outside Fort McMurray in the Athabasca Oil Sands, and has a nameplate capacity of 350,000 barrels per day (56,000 m3/d) of oil, equivalent to about 13% of Canada's consumption. It has approximately 5.1 billion barrels (810,000,000 m3) of proven and probable reserves (11.9 billion when including contingent and prospective resources) situated on 8 leases over 3 contiguous sites. Including fully realized prospective reserves, current production capacity could be sustained for well over 90 years.

Syncrude

Suncor Energy, Inc. is an integrated energy company, which engages in the development of petroleum resource basins. It operates through the following segments: Oil Sands, Exploration and Production, Refining and Marketing, and Corporate and Eliminations. The Oil Sands segment operates assets in the Athabasca oil sands of northeast Alberta. The Exploration and Production segment consists of offshore operations off the east coast of Canada and in the U.K. The Refining and Marketing segment focuses on two primary operations: the Refining and Supply and Marketing operations discussed below, as well as the infrastructure supporting the marketing, supply and risk management of refined products, crude oil, natural gas, power, and byproducts. The Corporate and Eliminations segment includes activities not directly attributable to any other operating segment. The company was founded in 1917 and is headquartered in Calgary, Canada.

Earnings data Q1 2021

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Suncor is one of the most mispriced large-cap energy names in the market today.

Pounding The Table On Suncor Energy

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This time last year, oil was plummeting as concerns about the pandemic were rising.

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CALGARY, Alberta, June 16, 2021 (GLOBE NEWSWIRE) -- Suncor today advised that the co-owners of the Terra Nova Floating, Production, Storage and Offloading (FPSO) facility and associated Terra Nova Field (“Terra Nova” or “the project”) have reached an agreement in principle to restructure the project ownership and provide short-term funding towards continuing the development of the Asset Life Extension Project, with the intent to move to a sanction decision in the Fall. A subset of owners will increase their ownership of the project for consideration payable from the other owners. Suncor's ownership will increase to 48% from approximately 38%.

Suncor Energy and Terra Nova co-owners reach Agreement in Principle on Terra Nova

Suncor Energy (SU) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.

How Suncor Energy (SU) Stock Stands Out in a Strong Industry

Suncor stock is considerably undervalued as we see at least 20% capital gain opportunity. We expect the dividend payout to go up significantly.

Suncor Energy: The Stock Deserves Strong Buy Rating

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The tie-up between Suncor (SU) and other Canadian oil sands producers follows the grant of sizeable sops for emission-reduction project and infrastructure by the administration of Canada and Alberta.

Canada's Oil Sands Producers Sign Up for 2050 Zero Emission

CALGARY, Alberta, June 09, 2021 (GLOBE NEWSWIRE) -- Canadian Natural Resources, Cenovus Energy, Imperial, MEG Energy and Suncor Energy formally announced today the Oil Sands Pathways to Net Zero initiative. These companies operate approximately 90% of Canada's oil sands production. The goal of this unique alliance, working collectively with the federal and Alberta governments, is to achieve net zero greenhouse gas (GHG) emissions from oil sands operations by 2050 to help Canada meet its climate goals, including its Paris Agreement commitments and 2050 net zero aspirations.

Canada's largest oil sands producers announce unprecedented alliance to achieve net zero greenhouse gas emissions

Suncor Energy (SU) closed at $25.02 in the latest trading session, marking a -0.36% move from the prior day.

Suncor Energy (SU) Stock Moves -0.36%: What You Should Know

Suncor Energy (SU) reported earnings 30 days ago. What's next for the stock?

Suncor Energy (SU) Up 12% Since Last Earnings Report: Can It Continue?

Suncor (SU) successfully lowers total debt by $1.1 billion and buy backs in excess of $300 million of common shares in Q1.

Suncor Energy (SU) Beats Industry in Past 3 Months: Here's Why

Suncor's (SU) plan to become a net-zero emitter aligns with the national goal of Canada and is about 25% more aggressive on an intensity basis per barrel than its 2015 target.

Suncor (SU) Commits to Achieve Net-Zero Emissions by 2050

In the depths of the pandemic, Suncor cut its dividend by a little more than half.

Suncor: Analyst Day Sets Up Doubling Of The Dividend

Suncor Energy Inc. (NYSE: SU) shares have advanced from $17 above $24 since the beginning of February 2021, and the current price stands around $23. This stock is still reasonably valued, but despite this, Warren Buffett's Berkshire Hathaway closed its positions in Suncor Energy during the first quarter of 2021.

Suncor Energy shares continue to trade in a bull market after Berkshire Hathaway closed its positions

All financial figures are in Canadian dollars, unless noted otherwise

Suncor Energy's updated corporate strategy increases shareholder returns and accelerates reductions in GHG emissions with an objective to be net-zero by 2050

CALGARY, Alberta, May 19, 2021 (GLOBE NEWSWIRE) -- Suncor will host an Investor Day online at 8:00 a.m. MT (10:00 a.m. ET) on May 26, 2021.

Suncor Energy to hold Investor Day

Suncor (SU) partners with ATCO to build a clean hydrogen facility near Fort Saskatchewan in Alberta, with a production capacity of more than 300,000 tons of clean hydrogen per year.

Suncor (SU) to Develop Clean Hydrogen Facility With ATCO

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CALGARY, Alberta, May 11, 2021 (GLOBE NEWSWIRE) -- Two Canadian companies, Suncor Energy and ATCO Ltd., are collaborating on early stage design and engineering for a potential clean hydrogen project near Fort Saskatchewan, Alberta. The project would produce more than 300,000 tonnes per year of clean hydrogen, reduce Alberta's CO₂ emissions by more than two million tonnes per year, significantly advance Alberta's hydrogen strategy, generate substantial economic activity and jobs across the province, and make a sizable contribution to Canada's net zero ambition.

Suncor and ATCO partner on a potential world-scale clean hydrogen project in Alberta

Suncor Energy's (SU) Exploration and Production segment (comprising International, Offshore and Natural Gas segments) produces 95,300 Boe/d in Q1 compared with 109,700 Boe/d in the prior-year quarter.

Suncor Energy (SU) Rallies 7.7% Despite Q1 Earnings Miss

Suncor Energy belongs with the low-cost producers despite the high price reputation that Canadian oil sands have. Combining the company's expenses, the company's breakeven is ~$45/barrel counting ~6.5% in shareholder returns + ~3% in debt paydown.

Suncor Energy Belongs With Low-Cost Producers

As of late, it has definitely been a great time to be an investor of Suncor Energy (SU)

Can the Rally in Suncor Energy (SU) Shares Continue?

Suncor and Cenovus Energy continue to be the cheapest large-cap oil names we follow. Following a decent debt paydown in Q1, Suncor is likely to keep plowing free cash flow into share buyback.

Suncor's Results Highlight Just How Undervalued Energy Stocks Continue To Be

Suncor Energy Inc. (SU) CEO Mark Little on Q1 2021 Results - Earnings Call Transcript

News for Suncor Energy Stock (SU)