Suncor Energy (SU) anticipates production in the range of 770,000-810,000 boe/d and capital expenditures in the band of C$6.3-C$6.5 billion for 2024.
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 with potential for share price growth.
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.
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.
Environmental groups filed a lawsuit against Suncor Energy on Tuesday, alleging that pollution from the company's Commerce City refinery in Colorado has resulted in long-lasting harm to surrounding communities.
Suncor Energy (SU) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
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Several key oil sands producers, including Canadian Natural Resources (CNQ), Imperial Oil (IMO) and Suncor Energy (SU), are facing threats to their outputs.
Suncor Energy (SU) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Suncor's (SU) plants and refinery face federal and state enforcement action for alleged air quality violations, including improper benzene emissions and faulty tank inspections.