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 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 - RBC Capital Markets Dennis Fong - CIBC Neil Mehta - Goldman Sachs Manav Gupta - UBS Roger Read - Wells Fargo Securit ...

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 ...

Suncor Energy (SU) came out with quarterly earnings of $0.93 per share, beating the Zacks Consensus Estimate of $0.76 per share. This compares to earnings of $0.71 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 22.37%. A quarter ago, it was expected that this energy company would post earnings of $0.90 per share when it actually produced earnings of $1.05, delivering a surprise of 16.67%. Over the last four quarters, the comp ...

Unless otherwise noted, all financial figures are unaudited, presented in Canadian dollars (Cdn$), and derived from the company's condensed consolidated financial statements which are based on Canadian generally accepted accounting principles (GAAP), specifically International Financial Reporting Standards (IFRS) as issued by the International Accounting Standards Board (IASB), and are prepared in accordance with International Accounting Standard (IAS) 34 Interim Financial Reporting. Production volumes are ...