Suncor Energy, Inc. Stock News

Suncor Energy's much better-than-expected third-quarter results cement the revival of Canada's second-largest oil producer, two years after its previous CEO resigned following a string of worker fatalities and operational mishaps.

Suncor Energy Inc. (NYSE:SU ) Q3 2024 Earnings Conference Call November 13, 2024 9:30 AM ET Company Participants Troy Little – Senior Vice President, External Affairs Rich Kruger – President and Chief Executive Officer Kris Smith – Chief Financial Officer Shelley Powell – Senior Vice President, Operational Improvement and Support Services Dave Oldreive – Executive Vice President, Downstream Pet...

Suncor just reported the highest refining throughput in the company's history at 488,000 barrels per day, and the upstream segment also reported its best third quarter ever. The management change that occurred in 2023 led to a strategic review of the portfolio, and the improvements in operational efficiency are clearly visible by now. Suncor's asset base is characterized by a high level of inte...

Suncor Energy is a high-quality Canadian oil company with strong results, a nice starting yield, and an undemanding valuation. Despite macroeconomic uncertainties, Suncor's operational performance is robust, with increasing production and significant cash flow generation. Suncor is reducing its debt and plans to enhance shareholder returns through dividends and aggressive buybacks.

Suncor Energy's 2024 stock rise reflects strong operational performance, cost efficiency, and a strategic shift towards renewable energy and carbon reduction. Despite market volatility, Suncor posted robust financials in Q2 2024, with significant cash flow and a steady dividend payout, showcasing strong financial governance. Suncor's integrated vertical model and high refinery utilization provi...

Despite current oil price pressure, Suncor's integrated business model and cost efficiencies position it well for long-term success and substantial returns. Suncor is aggressively returning capital to shareholders through dividends and buybacks, supported by robust free cash flow and debt reduction. The company trades at an attractive valuation, offering a deep-value opportunity with significan...

Despite broader market indexes reaching new highs, driven mainly by tech stock momentum, many companies have faced plummeting valuations due to worsening macroeconomic conditions.

Suncor Energy's cost-cutting plan aims to lower breakeven costs by US$10, driven by operational efficiencies and strategic investments. Suncor is projecting a 24% compound annual growth rate in free cash flow per share from 2024 to 2026, driven by operational improvements and cost savings. The second quarter of 2024 showcased strong operational execution, with record upstream production and imp...