Suncor Energy, Inc. Stock News

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...

Wall Street analysts tend to hide whenever stock markets selloff, as the S&P 500 and NASDAQ did at the beginning of last week. Reiterating buy ratings or taking a premature bearish view on stocks could cost them their reputations and their careers, so investors need to place a heavier weight on whatever new rating is revealed recently.

Suncor Energy shares have risen 28% in the past year, driven by strong capital returns and low-cost oil sands operations, as well as efficiency gains. Suncor reported solid Q2 earnings, beating expectations and benefiting from increased commodity prices and strong cost controls. Suncor's integrated business model, strong balance sheet, and increased buybacks make it an attractive investment wit...

Suncor Energy Inc. (NYSE:SU ) Q2 2024 Earnings Conference Call August 7, 2024 9:30 AM ET Corporate Participants Troy Little - Vice President, Investor Relations Richard Kruger - President and Chief Executive Officer Kristopher Smith - Chief Financial Officer Peter Zebedee - EVP, Oil Sands Shelley Powell - SVP, Operational Improvement & Support Services Conference Call Participants Greg Pardy - ...

Canada's Suncor Energy could exceed its 2024 guidance on oil production and refinery throughput, the company said on Wednesday after reporting better-than-expected second quarter profits.