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 ...

Core Insights - Suncor Energy Inc. (SU) has released its 2025 corporate guidance, indicating a consistent upstream growth plan with a target production range of 810,000 to 840,000 barrels per day, reflecting a 4% increase compared to projected output for 2024 [1] - The company plans to increase annual refining utilization from 93% to an estimated 97%, supported by improved operational efficiency and scheduled turnarounds at its refineries [2] - Suncor aims to grow free funds flow per share by increasing volumes and margins, reducing costs, and maintaining a disciplined capital expenditure program [3] Capital Expenditure and Investment Plans - Suncor plans to reduce its capital expenditure by 3% in 2025, targeting a range between C$6.1 billion and C$6.3 billion, while balancing sustaining business investments and new high-value opportunities [4] - Key capital expenditure plans include the replacement of Upgrader 1 coke drums, development of Mildred Lake West Mine Extension and West White Rose projects, and improvements to the PetroCanada retail network [4] Cost Management and Competitive Position - Suncor's cost management strategies have successfully reduced its corporate West Texas Intermediate (WTI) breakeven price by $10 per barrel, with operations at Fort Hills exemplifying this efficiency [5] - The company is well-positioned for production growth due to the start-up of the Trans Mountain pipeline expansion, which has nearly tripled oil flow to Canada's Pacific Coast, enhancing market reach to Asia and the U.S. West Coast [7] Industry Context - The U.S. Energy Information Administration projects an increase in fuel demand in the United States, benefiting Canadian crude oil producers like Suncor due to rising industrial activity [6] - Other Canadian companies, such as Imperial Oil Limited and Pembina Pipeline Corporation, have also announced their 2025 corporate outlook plans, focusing on profitable volume growth and capital investment programs [9][10]

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 ...

Suncor Energy Inc. (SU) reported third-quarter 2024 adjusted earnings of $1.08 per share, which beat the Zacks Consensus Estimate of 88 cents. This outperformance can be attributed to higher production from its oil sands, strong refining performance and efficient cost management. However, the bottom line declined from the year-ago quarter’s reported figure of $1.13, due to lower realized crude oil prices and refined product realizations.Operating revenues of $9.6 billion beat the Zacks Consensus Estimate by ...

Article Summary - The article promotes a subscription service offering in-depth research on REITs, mREITs, Preferreds, BDCs, MLPs, ETFs, and other income alternatives, with 438 testimonials mostly rated 5 stars and a free 2-week trial available [1] Industry Focus - The Wall Street Journal highlighted the growing significance of Canada's oil sands, a topic previously discussed by the author, indicating a shift in focus from shale to oil sands [1] Author's Position - The author holds a beneficial long position in CNQ through stock ownership, options, or other derivatives, and the article reflects their personal opinions without external compensation or business relationships with mentioned companies [1]