Suncor Energy Achieves Record Quarterly and Full Year Operational ResultsJanuary 06, 2025 5:00 PM EST | Source: Suncor Energy Inc.(All figures are approximate)Calgary, Alberta--(Newsfile Corp. - January 6, 2025) - Suncor (TSX: SU) (NYSE: SU) today provided an operational performance update for its upstream and downstream businesses for the 4th quarter and full year of 2024 as summarized below: Upstream Highlights:Record quarterly production of 874,000 bbls/d, up 66,000 bbls/d from 4th quarter ...

Suncor Energy Inc. (SU) has shown strong performance in a volatile oil market, with its share price rising by 9.8% year to date (YTD), outperforming the broader oil and energy sector, which has gained 0.4% during the same timeframe. Moreover, the company has fared better than its peers in the Canadian Integrated Oil and Gas industry, including Cenovus Energy (CVE) and Veren Inc. (VRN) .Image Source: Zacks Investment ResearchThis Canada's premier integrated energy company makes money by extracting bitumen fr ...

In my last article , I discussed the incredible performance of Suncor Energy (NYSE: SU ) (TSX: SU:CA ) in Q2 2024. Its Q2 performance was good, and its valuation ratios showed significant undervaluation. But now, the numbers show a better pictureI am a financial writer with a degree in Finance. In my five-year career, I have worked with two financial companies. I keep a close eye on Energy, Banking, and Tech stocks. My main focus is fundamental analysis and looking at the long-term position of a stock inste ...

Investment thesis: A combination of weak oil prices, as well as questions about Canada's green initiatives that may negatively impact Canadian oil sands producers, has hurt Suncor's (NYSE: SU ) share price in the past few weeks. These shorter-termAnalyst’s Disclosure: I/we have a beneficial long position in the shares of SU either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seek ...

Suncor Energy (SU) has been beaten down lately with too much selling pressure. While the stock has lost 12.5% over the past four weeks, there is light at the end of the tunnel as it is now in oversold territory and Wall Street analysts expect the company to report better earnings than they predicted earlier.Guide to Identifying Oversold StocksWe use Relative Strength Index (RSI), one of the most commonly used technical indicators, for spotting whether a stock is oversold. This is a momentum oscillator that ...

Suncor Energy (SU) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #1 (Strong Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate.Since a cha ...

Suncor Energy Inc. (SU) recently released its 2025 corporate guidance showing consistency in its upstream growth plan. The company targets an upstream production range of 810,000 to 840,000 barrels per day (bbls/d) annually, a 4% rise approximately as compared to projected output for 2024. The growth in production reflects its sustainability of higher performance, and planned turnaround and maintenance activities during the year, including a 91-day outage at Base Plant Upgrader 1 for coke drum replacement.T ...

All financial figures are in Canadian dollars, unless noted otherwiseCalgary, Alberta--(Newsfile Corp. - December 12, 2024) - Suncor Energy (TSX: SU) (NYSE: SU) Growth in upstream consistent with plan to add over 100,000 bbls/d between 2023 and 2026Increased refinery utilization reflecting stronger asset performance and market positionLower oil sands costs driven by productivity improvementsDisciplined capital program with select high quality strategic investmentsFinancial performance aligned with May 2024 ...

Suncor Energy Inc. (SU) recorded the highest crude output in October from its wells in Alberta on gains at the Firebag oil sands site. Owing to the record high production, the site has also been termed as “Rock Star” by the chief executive of the company.SU Hits Production MilestoneWith data available from 2018, SU’s wells in the area recorded the highest output of 284,000 barrels per day in October. The number also indicates a 14% rise in output compared with September levels. The record growth in producti ...

Calgary, Alberta--(Newsfile Corp. - November 22, 2024) - Suncor Energy (TSX: SU) (NYSE: SU) today provides an update on the impact of the national strike of Canadian Union of Postal Workers on the mailing of the company's quarterly documents. This update is required pursuant to the Alberta Securities Commission's Blanket Order 51-516 and, as per the order, Suncor will mail the documents upon the resumption of regular postal service. Copies of these documents are available digitally at suncor.com/FinancialR ...