05:40 AM
With access to 'virtually limitless reserves,' Suncor Energy (SU) has long been a favorite of energy bulls. Barron's Andrew Bary calls the stock a smart bet on the likelihood oil prices will bounce back to $60-70 a barrel in the next year.
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Thursday, April 23, 2009
05:29 AMSuncor Energy (SU): Q1 EPS of $0.24 beats by $0.12. Decrease in earnings was primarily from lower price realizations, with benchmark commodity prices significantly weaker in Q1 '09 vs. Q1 '08. (PR)
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09:07 AM
Oil-industry watchers have long predicted a wave of consolidation as falling oil prices have left smaller firms starved for cash. Today's Suncor Energy (SU)/Petro-Canada (PCZ) merger may be a sign the waiting is over.
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05:55 AM
Suncor Energy (SU) will acquire Petro-Canada (PCZ) for around C$17B ($14B) in stock, bringing together two of Canada's largest oil companies. The deal represents roughly a 25% premium for Petro-Canada.
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Tuesday, January 20, 2009
06:01 AMSuncor Energy (SU): Q4 EPS of $0.46 beats by $0.14. "We've had a challenging 2008," said CEO Rick George, and the company is working at "achieving higher, more stable production rates in 2009 and beyond."(PR)
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05:04 AMSuncor Energy (SU): Q3 EPS of C$1.04 misses by C$0.19. Revenue of C$8.95B in-line. Production from the company's oil sands operations averaged 245,600 barrels per day. (PR)
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