Suncor Energy Inc.NYSE
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  • Thu, Dec. 1, 12:05 PM
    • November monthly performance was: -2.53%
    • AUM of $8.26B
    • 52-week performance vs. the S&P 500 is: -8%
    • No dividends were paid in November
    • Top 10 Holdings as of 9/30/2016: WPP PLC (OTCPK:WPPGF): 4.6543%, Suncor Energy Inc (SU): 3.3398%, RELX PLC (OTC:RLXXF): 2.90681%, Sky PLC (OTCQX:BSYBF): 2.85131%, Taiwan Semiconductor Manufacturing Co Ltd (2330): 2.58654%, SAP SE (OTCPK:SAPGF): 2.47674%, CGI Group Inc A (GIB): 2.4507%, Publicis Groupe SA (OTCQX:PGPEF): 2.38795%, CK Hutchison Holdings Ltd (OTCPK:CKHUF): 2.38697%, Broadcom Ltd (AVGO): 2.36644%
    | Thu, Dec. 1, 12:05 PM
  • Thu, Dec. 1, 10:54 AM
    • November monthly performance was: +2.66%
    • AUM of $18.8B
    • 52-week performance vs. the S&P 500 is: +1%
    • No dividends were paid in November
    • Top 10 Holdings as of 9/30/2016: General Mills Inc (GIS): 2.95066%, AT&T Inc (T): 2.90074%, Coca-Cola Co (KO): 2.73316%, The Hartford Financial Services Group Inc (HIG): 2.54395%, Exelon Corp (EXC): 2.51904%, PPL Corp (PPL): 2.41072%, Procter & Gamble Co (PG): 2.34328%, Suncor Energy Inc (SU): 2.27143%, The Kraft Heinz Co (KHC): 1.91049%, Campbell Soup Co (CPB): 1.87577%
    | Thu, Dec. 1, 10:54 AM
  • Mon, Nov. 21, 7:14 PM
    • ExxonMobil (NYSE:XOM) and Chevron (NYSE:CVX) are among the oil majors least prepared for a shift to a greener global economy, according to a report by CDP, a non-profit group that collects company environmental data on behalf of 800-plus institutional investors.
    • Only Suncor Energy (NYSE:SU) scores worse in the study of the readiness of big energy companies in transitioning to a low carbon economy and a future in which natural resources such as water become increasingly scarce.
    • European companies fare the best: Statoil (NYSE:STO) ranked first, in part because it had the highest share of gas in its stock of proven reserves, Eni (NYSE:E) scored second, thanks to its big gas projects in the pipeline, and Total (NYSE:TOT) was third due to its stakes in SunPower and the Saft batery maker.
    • XOM "performs below its peers in its emissions performance and wider climate governance and strategy considerations," according to the report.
    | Mon, Nov. 21, 7:14 PM | 48 Comments
  • Thu, Nov. 17, 8:15 AM
    • Suncor Energy (NYSE:SU) releases its 2017 capital spending and production outlook, which foresees increased output even as the company plans to cut capex.
    • SU expects average production for 2017 of 680K-720K boe/day, a 13% Y/Y increase at the range's midpoint, while planning a capital spending program of C$4.8B-C$5.2B, ~C$1B less than this year's spending.
    • SU says ~40% of next year's capex is allocated to upstream growth projects, including Fort Hills and Hebron, which are both expected by the end of 2017.
    • Guidance includes 2017 cash operating costs at oil sands operations of C$24-C$27/bbl, below its 2016 forecast of C$25.50-C$27.50; cash operating cost forecast for Syncrude is C$32-C$35/bbl, also below its 2016 forecast of C$37-C$39.
    | Thu, Nov. 17, 8:15 AM | 11 Comments
  • Tue, Nov. 15, 12:15 AM
    • Suncor Energy (NYSE:SU) declares C$0.29/share quarterly dividend, in line with previous.
    • Forward yield 2.92%
    • Payable Dec. 23; for shareholders of record Dec. 2; ex-div Nov. 30.
    | Tue, Nov. 15, 12:15 AM | 3 Comments
  • Thu, Nov. 3, 8:48 AM
    • October monthly performance was: -0.58%
    • AUM of $18.4B
    • 52-week performance vs. the S&P 500 is: +12%
    • No dividends were paid in October
    • Top 10 Holdings as of 6/30/2016: General Mills Inc (GIS): 3.56363%, AT&T Inc (T): 3.10141%, Coca-Cola Co (KO): 2.92358%, Campbell Soup Co (CPB): 2.52377%, Exelon Corp (EXC): 2.36382%, Suncor Energy Inc (SU): 2.32307%, The Hartford Financial Services Group Inc (HIG): 2.28103%, PPL Corp (PPL): 2.13051%, The Kraft Heinz Co (KHC): 2.07219%, Heineken NV (OTCQX:HINKF): 1.90962%
    | Thu, Nov. 3, 8:48 AM
  • Mon, Oct. 31, 2:33 PM
    • Suncor Energy (SU -1.9%) says it plans to sell all or parts of its Ontario wind power business following today's sale of its Petro-Canada lubricants business to HollyFrontier for $1.125B, but expects to hold onto its wind generation capacity in Alberta and Saskatchewan.
    • SU has said it plans to sell off $1.1B-$1.5B in assets, and is on pace to hit or exceed that target with the sale of its lubricants business, the recent sale of interests in oil storage facilities and the expected sale of the Ontario wind portfolio.
    • Raymond James analyst Chris Cox says the lubricants business generated US$150M in EBITDA for SU and that the company got fair value for the sale.
    | Mon, Oct. 31, 2:33 PM | 6 Comments
  • Mon, Oct. 31, 7:22 AM
    • HollyFrontier (NYSE:HFC) agrees to acquire Suncor Energy's (NYSE:SU) Petro-Canada lubricants unit for C$1.125B ($845M), confirming earlier speculation.
    • HFC says the deal will immediately add to its EPS and cash flow, and make it the fourth largest lubricants producer in North America, with a capacity of 28K bbl/day, or ~10% of North American production.
    • The Petro-Canada Lubricants plant, located in Mississauga, Ontario, is the largest producer of base oils in Canada with 15.6K bbl/day of lubricant production capacity.
    | Mon, Oct. 31, 7:22 AM | 11 Comments
  • Thu, Oct. 27, 6:58 PM
    • The near-doubling of crude oil prices since February has eliminated the urgency for companies to sell assets in the Alberta oil patch, Suncor Energy (NYSE:SU) CEO Steve Williams says in shooting down expectations that the company would dip into its available capital to strike more deals.
    • Instead of pursuing more acquisitions, the CEO signaled in today's earnings conference call that SU would shift more of its capital toward dividends and share buybacks, news that helped lift shares to a 52-week high in tofay's trade.
    • Piper Jaffray analyst Guy Barber called it a “stellar quarter” for SU, highlighting the company’s 15% higher than expected cash flow numbers and the rebound in Syncrude's production.
    • Cenovus Energy (NYSE:CVE) President and CEO Brian Ferguson dismissed talk that the company would sell some of its undeveloped oil sands acreage, saying on his earnings call that CVE was planning to develop its assets at a “more modest pace” in the coming years.
    • CVE reported a Q3 loss of C$0.28/share, a sharp drop from the year-ago quarter when results were helped by the sale of its royalty assets, but Raymond James analyst Chris Cox called it a “solid beat” of expectations and noted the company already has achieved its $500M cost reduction target for the year.
    | Thu, Oct. 27, 6:58 PM | 1 Comment
  • Thu, Oct. 27, 12:27 PM
    • Suncor Energy (SU +6%) is surging after reporting better than expected Q3 earnings on strong upstream production, lower operating costs and record crude throughput at its refineries.
    • SU says its oil sands assets successfully returned to normal production rates following Q2's forest fire shut-in, resulting in total oil sands production of 433.7K bbl/day, while oil sands cash operating costs fell 18% Y/Y to $22.15/bbl, lowest in more than a decade.
    • Syncrude production soared to 183.8K bbl/day from 28.1K in the prior-year quarter, as a result of additional working interests acquired in 2016 and improved upgrader reliability; Syncrude cash costs fell to $27.65/bbl from $41.65 a year ago.
    • Refinery crude throughput improved to a record 465.6K bbl/day in Q3 from 444.8K in the prior-year quarter.
    • Also, SU raises its full-year total production guidance to 610K-625K boe/day, up from its previous estimate of 585K-620K boe/day, and cuts its capital spending budget to C$5.8B-C$6B from previous guidance of C$6B-C$6.5B.
    | Thu, Oct. 27, 12:27 PM | 6 Comments
  • Wed, Oct. 26, 10:51 PM
    • Suncor Energy (NYSE:SU): Q3 EPS of $0.21 beats by $0.14.
    • Revenue of $7.4B (-2.1% Y/Y) beats by $1.45B.
    • Press Release
    | Wed, Oct. 26, 10:51 PM | 4 Comments
  • Tue, Oct. 25, 5:35 PM
  • Fri, Oct. 21, 8:20 PM
    • Saudi Aramco has bid $1.5B for LyondellBasell's (NYSE:LYB) refinery in Houston, one of at least three bidders for the plant including Valero Energy (NYSE:VLO) and Suncor Energy (NYSE:SU), Reuters reports.
    • LYB has not stated publicly what it considers an appropriate value for the plant, but Reuters says a source familiar with negotiations believes a sale ultimately could fetch $2B.
    • The cost of renewable fuel credits may affect the price of the plant, because LYB will need to spend ~$200M this year on the credits, which could cap the price bidders are willing to pay, says a Tudor Pickering analyst.
    | Fri, Oct. 21, 8:20 PM | 13 Comments
  • Fri, Oct. 21, 6:26 PM
    • HollyFrontier (NYSE:HFC) rose 4.7% in today's trade following a Reuters report that it is in advanced talks to acquire Suncor Energy's (NYSE:SU) Petro-Canada lubricants division for a little over $1B, after submitting the highest bid in an auction.
    • A potential deal would allow HFC to diversify its refining business, which has been hurt by the gasoline glut that has eroded profit margins, while giving SU a cash boost to help pay down debt incurred as a result of recent acquisitions, according to the report.
    • Petro-Canada produces more than 350 advanced lubricants for industries ranging from beauty to heavy manufacturing, and is the world's largest manufacturer of white mineral oil.
    | Fri, Oct. 21, 6:26 PM | 9 Comments
  • Tue, Oct. 18, 1:10 PM
    • Suncor Energy (SU +1%) agrees to sell a 14.7% interest in its East Tank Farm development to the Mikisew Cree First Nation, as it seeks stronger ties with aboriginal groups in the Alberta oil sands region.
    • SU says the Mikisew Cree will pay ~$147M for the stake in the oil storage terminal, which is under construction north of Fort McMurray and expected to become operational in Q2 2017; the deal is contingent upon the aboriginal group obtaining financing and other conditions.
    • In early September, SU sold a 34.3% stake in the East Tank Farm to the Fort McKay First Nation for $350M.
    | Tue, Oct. 18, 1:10 PM
  • Fri, Oct. 7, 4:35 PM
    • Suncor Energy (NYSE:SU) is considering the sale of its Petro-Canada retail gasoline station business, which could fetch ~C$8.4B, Reuters reports.
    • Petro-Canada operates ~1,500 gas stations across Canada and is one of the biggest players in the country.
    • SU's move would come after Imperial Oil agreed earlier this year to sell 497 Esso gas stations for C$2.8B.
    | Fri, Oct. 7, 4:35 PM | 7 Comments