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SU

Suncor Energy Inc.

5/18/2013, 7:42 PM ET

Quote & Headlines Market Currents StockTalk

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| Earnings
| Dividends
| M&A
| On the move

Wednesday, May 1, 2:55 PM Suncor’s (SU -2.2%) 54% dividend hike not only topped expectations for a 30%-40% increase, it has the Street convinced more is coming. SU is the only major Canadian energy producer to generate free cash flow this year, which allows it to commit to competitive dividend increases, Canaccord notes; CIBC sees SU as a "free cash flow machine," producing $2.8B of FCF in 2012 with another $1B-$2B forecast for this year. Comment! [Energy, On the Move]
Tuesday, April 30, 8:39 AM More on Suncor's (SU) Q1 results: Oil sands production averaged a record 357.8K bbl/day, up from 305.7K a year earlier, as its steam-driven Firebag project ramped up production. Total upstream production rose to 596.1K boe/day from 562.3K in the year-ago quarter. Raises its dividend 54% and plans to buy back up to C$2B of shares. Shares +3.1% premarket. Comment! [Energy, Earnings, On the Move]
Tuesday, April 30, 6:20 AM Suncor Energy Inc. (SU) declares C$0.20/share quarterly dividend starting from 2QFY13, 54% increase from prior dividend of C$0.13. The board approved to repurchase shares of additional C$2B commencing form 02 May, 2013. (PR) Comment! [Dividends]
Monday, April 29, 11:40 PM Suncor Energy (SU): Q1 EPS of C$0.90 beats by C$0.15. (PR) 5 Comments [Breaking News, Earnings]
Monday, April 29, 12:10 AM Notable earnings after Monday’s close: ANAD, ANH, BWLD, CBL, CRK, CSE, CYH, DTLK, ESRX, GGP, HIG, HLF, HTZ, IDTI, JEC, MAS, MSTR, NEM, PCL, QGEN, RGR, RJET, RVBD, SBAC, SSW, SU, TXRH, VECO 1 Comment [Earnings]
Sunday, April 28, 5:35 PM Notable earnings after Monday’s close: ANAD, ANH, BWLD, CBL, CRK, CSE, CYH, DTLK, ESRX, GGP, HIG, HLF, HTZ, IDTI, JEC, MAS, MSTR, NEM, PCL, QGEN, RGR, RJET, RVBD, SBAC, SSW, SU, TXRH, VECO 1 Comment [Earnings]
Monday, April 15, 4:42 AM The attractive pricing of Centrica's (CPYYF.PK, CPYYF.PK) purchase of oil and gas assets from Suncor Energy (SU) puts a positive spin on concerns over the competitiveness of Canadian nat-gas production against the rise of shale gas in the U.S., Liberum says. Centrica is paying ~10% less than recent transactions in the region. Comment! [Energy, Quick Ideas]
Monday, April 15, 3:15 AM Canada’s Suncor Energy (SU) has agreed to sell a package of gas and oil fields to U.K. energy supplier Centrica (CPYYF.PK) and Qatar Petroleum for C$1B ($980M) in cash. The assets are mostly located in southern and central Alberta, and produce about 250M cubic feet of gas equivalent per day, or 15M barrels of oil equivalent per year. (PR) 1 Comment [Energy, M&A]
Friday, April 12, 7:57 AM Suncor (SU) is plugging and abandoning its Scotney exploration well in the U.K. North Sea after finding no hydrocarbons in the primary interval, which had been estimated to hold ~57M barrels. The disappointing result follows operational and weather-related issues which had delayed completion of drilling. 1 Comment [Energy]
Friday, April 5, 5:45 PM A recent report from Barclays highlights energy stock opportunities from around the world, with expectations running especially high for U.S. refiners such as VLO and TSO despite losses this week. U.S. E&P companies expected to do well are EOG, NBL and APC. CVX is cheaper than integrated rivals, and SU offers top risk-reward potential. In Asia, go-to names are PTR and SNP. 1 Comment [Energy, Global & FX, Quick Ideas]
Tuesday, April 2, 6:56 PM Canadian petroleum regulators say the life of Suncor's (SU) Terra Nova oil and gas field will be extended by seven years to 2027, after SU upgraded flow lines at the field. Proven and probable oil reserves are raised to 506M barrels from 419M; proven and probable recoverable gas resources are lifted to 64B cu. ft. from 53B; reserves for natural gas liquids is now 4.6M barrels vs. 3.8M. Comment! [Energy]
Monday, April 1, 11:59 AM Suncor's (SU +0.3%) decision last week to scrap its $11.5B Voyageur oil sands plant shows Canadian producers are betting they can boost shareholder returns by shipping crude directly to refineries instead of investing in costly processing. "There’s going to continue to be a ramp-up in light oil and therefore that hurts the economics of an upgrader,” a Canaccord analyst says. 3 Comments [Energy]
Thursday, March 28, 2:43 PM Suncor (SU +0.8%) says there was no bitumen in wastewater that leaked from a burst pipe earlier this week. SU says it has hired a third party to determine the impact of the discharge entering the river, but adds according to its calculations, it likely had a “short term, negligible impact.” Comment! [Energy]
Thursday, March 28, 8:35 AM Total (TOT) will sell its stake in the Voyageur partnership for $500M to Suncor Energy (SU) after the two groups agreed not to proceed with a plan to build an $11.5B upgrader facility in Alberta. TOT will book a net loss of $1.65B in Q1 on the disposal but expects to save $5B of investment over the next five years. TOT plans to continue development of the Fort Hills and Joslyn oil sands projects in Canada. Comment! [Energy]
Wednesday, March 27, 6:02 PM Suncor Energy (SU) confirms it is scrapping its $11.5B Voyageur oil sands upgrader project, citing changing market conditions that challenge the economics of the project. SU will take a charge to Q1 net income and cash flow from operations of ~$140M and ~$180M respectively as a result of the decision. (earlier) 3 Comments [Energy]
Wednesday, March 27, 5:49 PM After-hours top gainers, as of 5:15 p.m.: GBX +3%. GNW +3%. LCC +3%. MATX +1.4%. SU +1.1%.
After-hours top losers: ARRY -12%. RHT -9%. FIVE -7%. ESI -6%. PVH -5%. Comment! [On the Move]