Tender Offer Details - Suncor Energy Inc announced the early tender results for its tender offers to purchase certain outstanding series of notes for cash [1] - The company increased the Pool 1 Maximum Amount from C$700,000,000 to C$1,000,000,000 and maintained the Pool 2 Maximum Amount at C$100,000,000 [2] - The tender offers initially included up to C$700,000,000 for Pool 1 Notes and up to C$100,000,000 for Pool 2 Notes, subject to prioritized acceptance levels [3] - The terms of the tender offers were amended to reflect the increased Pool 1 Maximum Amount, while all other terms remained unchanged [4] Early Tender Results - As of the Early Tender Date, the aggregate principal amount of each series of notes had been validly tendered and not withdrawn [5] - For the 6.50% Notes due 2038, US$478,505,000 was tendered out of US$954,042,000 outstanding [6] - For the 6.80% Notes due 2038, US$569,818,000 was tendered out of US$881,081,000 outstanding [7] - For the 3.10% Series 6 Medium Term Notes due 2029, C$13,355,000 was tendered out of C$78,743,000 outstanding [7] - For the 3.00% Series 5 Medium Term Notes due 2026, C$19,568,000 was tendered out of C$115,182,000 outstanding [7] Settlement and Funding - Suncor expects to make payment on October 7, 2024, for notes validly tendered and accepted for purchase [8] - The company intends to fund the purchase of the notes with cash on hand [8] Acceptance and Proration - Due to the aggregate principal amount of Pool 1 Notes exceeding the Pool 1 Maximum Amount, Suncor does not expect to accept all tendered Pool 1 Notes [9] - The company expects to accept all 6.50% Notes due 2038 and prorate the 6.80% Notes due 2038 [9] - Similarly, for Pool 2 Notes, Suncor does not expect to accept all tendered notes and will prorate the 5.95% Notes due 2035 [10] Total Consideration - The U.S. Total Consideration and Canadian Total Consideration will be determined based on fixed spreads and yields of reference securities [11] - Holders who validly tendered notes prior to the Early Tender Date are eligible to receive the Total Consideration, including accrued interest [11] Industry Context - Suncor Energy is Canada's leading integrated energy company, involved in oil sands development, offshore oil production, petroleum refining, and retail distribution [20] - The company is advancing the transition to a lower-emissions future through investments in lower emissions intensity power and renewable feedstock fuels [20]

Suncor Energy Inc. (SU) , Canada's premier integrated energy company, faced serious consequences for the 2019 incident that happened aboard the Terra Nova floating production storage and offloading vessel. An employee fell 7.6 meters from the ladder into the tank while conducting testing for hydrogen sulfide on board Terra Nova FPSO, leading to several injuries. The incident, which took place about 350 kilometers off the coast of Newfoundland, resulted in several proceedings and investigations against the c ...

Suncor Energy Inc. (SU) demonstrated resilience in a volatile oil and energy market, with its share price increasing 15% year to date (YTD). This gain outperformed the broader oil and energy sector, which has risen 0.5% in the same time. Moreover, SU outpaced its peers in the Canadian Integrated Oil and Gas, including Cenovus Energy Inc. (CVE) and Veren Inc. (VRN) . YTD Price Comparison Image Source: Zacks Investment Research Founded in 1917, Alberta-based Suncor Energy is Canada's premier integrated energy ...

Suncor Energy Inc (NYSE: SU ) has steadily risen throughout 2024, reflecting its exceptional operational performance and strategic focus on cost efficiency and sustainability. In 2023, Suncor was able to bounce back from the volatility of the market due to I 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 ...

L I l I L t a + L mysticenergy All financial numbers in this article are in Canadian dollars unless noted otherwise. Oil and gas prices are always in US$. Introduction On Sept. 12, I wrote an article titled "Collapsing Oil Prices? Here Are My 3 Favorite High-Yield Oil Stocks To Buy." As the title suggests, this article was about pressure on oil prices which are suffering from demand fears and uncertainty regarding OPEC's output decisions, among other factors. It also does not help that supply is still stron ...

A month has gone by since the last earnings report for Suncor Energy (SU) . Shares have added about 0.3% in that time frame, underperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is Suncor Energy due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers. Suncor Energy Q2 Earnings Rise Y/Y, Sales Top Es ...

Suncor Energy Inc. (SU) reported second-quarter 2024 adjusted operating earnings of 93 Canadian cents per share, up from the prior-year quarter's level of 71 Canadian cents. The outperformance can be attributed to the increases in oil sands production and strong demand for refined products. Operating revenues of $9.5 billion beat the Zacks Consensus Estimate by 14%. The top line also increased approximately 9.3% year over year. Suncor Energy's board of directors approved a quarterly dividend of 54.5 Canadia ...

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. These analysts decided to pick Suncor Energy Inc. NYSE: SU as their top pick among the broader selloffs, so now investors know that due diligence must be done to justify bett ...

H 11 T Ho # H H r 10 47 E H H IT 1 11 1 i T T 1 t P dan_prat Shares of Suncor Energy (NYSE:SU) have been a strong performer over the past year, rising 28%, aided by strong capital returns and its low-cost oil sands operations. After reporting a solid Q2, SU has moved back toward its 52-week high. I last covered Suncor in January, rating shares a "buy," given the strengths of its integrated business model. Since then, the stock has rallied 24%, significantly outpacing the market's 13% gain. Indeed, shares ha ...

SUNCOR ENERGY SUNCOR ENERGY Investor Information Q2 2024 Published August 6, 2024 Suncor's value proposition Long-life, competitively advantaged assets Regional and vertical integration Operational reliability Disciplined investment & cost management Deliver superior long-term shareholder value SUNCOR ENERGY 2 Suncor key statistics Market capitalization Q2 2024 $67B Net debt to AFFO Q2 2024 TTM 0.6x Oil sands reserve life index 2023 26 yrs Upgrading capacity 556 kbpd Refining capacity 466 kbpd Production to ...