The operator of West White Rose has announced that work has been suspended for an indefinite period.
A webcast to review the first quarter will be held on May 6 at 7:30 a.m. MT (9:30 a.m.
Oil Sands operations cash operating costs of $24.00 - $26.50 (US $17.00 - $18.75) per barrel is based on the assumptions that: (i) Suncor will produce 410,000 – 435,000 bbls/d at Oil Sands operations (of which 310,000 – 325,000 bbls/d will be synthetic crude oil and 100,000 – 110,000 will be bitumen); and (ii) natural gas used at Suncor's Oil Sands operations (AECO - C Spot ($CAD)) will be priced at an average of $1.75/GJ over 2020.
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The firm is scheduled to release earnings on Oct 28.You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Devon Energy Corp. DVN has an Earnings ESP of +23.50% and is Zacks #3 Ranked.
As of March 31, 2020, Suncor has significantly increased its liquidity securing an additional $2.3 billion of credit facilities with its key banking partners.
Representing management will be Mark Little, president and chief executive offic
Watch BA, LMT and RTX for a move.Watch KO after Barron’s says the beverage company is an under-appreciated post-pandemic reopening play.Your 64-Hour ICYMI:France set a record for new Covid cases, while Spain’s be Italy announced new restrictions.
Mark Schappel, 5-star analyst with Benchmark, summarizes the possible silver lining.“While we are not attorneys, and understanding complex legal matters is not one of our strengths, the stock’s reaction since the ruling — down about 20% — strikes us as a bit of an overreaction since RMNI’s business remains on track, the court ruling doesn’t create operational downside, and the shares currently trade at a ‘going out of business’ valuation,” Schappel wrote.Accordingly, Schappel rates the stock a Buy and gives it a $10 price target suggesting an impressive 222% growth potential. Suncor believes this is critical to creating long term shareholder value and that the integrated model is an important competitive advantage. Since taking over last October, Scharf has been reviewing the firm’s businesses and developing a turnaround strategy after years of scandals. Over the last four quarters, the company has surpassed consensus EPS estimates two times. On the Q4 2019 earnings call, CEO Mark Little employed a classic technique used by corporate leaders after posting a net loss: talk about cash flow instead! (See RMNI stock analysis on TipRanks)Energous (WATT)The proliferation of mobile devices, and improvements in battery technology, have brought a focus on charging technologies. During the quarter, we made progress towards achieving this target. By the end of Q1 2020, Suncor is expected to have spent approximately $1.3 billion in capital. By providing my email, I consent to receiving messages from Stockhouse. After the quarter ended, the board also approved a quarterly dividend increase of 11%, to CA$0.465/share, as well as additional authorization to repurchase up to CA$2.0 billion in shares beginning March 1, 2020. The value over volume strategy maximizes integration of Suncor’s upstream production through its upgraders and refineries, while reducing exposure to Alberta bitumen prices.
A member of Dow Jones Sustainability indexes, FTSE4Good and CDP, Suncor is working to responsibly develop petroleum resources while also growing a renewable energy portfolio. “A return to extensive travel (planes, cruise, hotels) is several years away, while we believe that the attractiveness of the RV lifestyle is here to stay,” wrote analyst Shawn Collins. Vous pouvez modifier vos choix à tout moment dans vos paramètres de vie privée. Total liquids production of 11,585 bbl/d in Q1 2020 was the highest in Company history comprised of 6,662 bbls/d of Condensate and Pentanes+, and 4,923 bbls/d of Propane and Butane.
Disciplined capital allocation remains core to delivering value to shareholders.
Suncor Energy (SU) came out with a quarterly loss of $0.15 per share versus the Zacks Consensus Estimate of a loss of $0.19. We are adjusting our spending and operational plans to be prepared in the event the current business environment persists for an extended period of time,” said Mark Little, president and chief executive officer. The production guidance table below is inclusive of the planned reductions in production volumes as Suncor continues to execute the strategy of generating value over volume. However, sales of refined products increased -- albeit by just 0.8% -- to 534,600 B/D, reflecting a strong retail environment. Due to significant uncertainty, we have not yet updated our guidance in this area, although we anticipate it will be lower. He seeks growth and value stocks in the U.S., in Germany, and beyond! A quarter ago, it was expected that this energy company would post earnings of $0.50 per share when it actually produced earnings of $0.39, delivering a surprise of -22%. Rimini Street is a leader in third-party software support, offering customers support for some of the big names in business software.While Rimini offers an essential product, the company’s EPS is notoriously low despite strong revenue numbers. Visit https://web.lumiagm.com/152121133 to participate in the meeting. This figure suggests a 20% upside potential from current levels. Robert Shiller, a Nobel Prize-winning economist and Yale University professor, urges investors to take a cautious approach to the top-heavy stock market in a recent op-ed for the New York Times.
The two-year investment is expected to generate sustainable low‑carbon power and carbon credits to offset emissions from Suncor's upstream business. Operating (Loss) Earnings. He called bottom of stocks in '09, and recommended AMZN before it soared an extraordinary 1,800%. CA$ = Canadian dollars.
Approximately $1 billion on high return / cost reduction projects largely independent of commodity price volatility.
Unfortunately, Fort Hills is running significantly below capacity. (To watch Hickman’s track record, click here)Other analysts also take a bullish approach. It's been a rough 2020 so far for Canadian oil major Suncor Energy (NYSE:SU). Want the latest recommendations from Zacks Investment Research? Suncor is discouraging physical attendance and instead requests shareholders view the meeting via webcast with details to be provided at a later date. Not that they have ever shied away from these steady income generators; rather, the market boom of this past summer led the Street to focus on share appreciation as the source of profits. Do the numbers hold clues to what lies ahead for the stock?
Cumulative Growth of a $10,000 Investment in Stock Advisor, Why Suncor's Biggest Quarterly Loss Ever Isn't as Bad as It Seems @themotleyfool #stocks $SU, Why Suncor Energy, Continental Resources, and Occidental Petroleum Stocks Crashed Almost 10% Today, Suncor Energy (SU) Q2 2020 Earnings Call Transcript, Teck and Suncor Cut Production at This Giant Oil Mine, Why Canadian Oil Stocks Are Soaring Today, Canada to Spend $10 Billion to Bail Out its Oil Industry, Copyright, Trademark and Patent Information. In light of our expectation for positive adjusted EBITDA early in fiscal 2022 and a much-improved balance sheet, we continue to base our valuation on a 5x on expected revenues out to 2022.” Hickman wrote.To this end, Hickman rates LIVX shares a Buy, and his $6.50 price target implies a whopping 222% upside for the coming year. Across the company, Suncor remains committed to the health and safety of all personnel, and on the safety and continuity of the operations. That would be more than JPMorgan Chase & Co. and four times bigger than Goldman Sachs Group Inc.The big winners of the listing own their stakes through two limited partnerships registered in Hangzhou that together hold about 40% of Ant. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of beating estimates. The current consensus EPS estimate is -$0.78 on $8.48 billion in revenues for the coming quarter and -$0.88 on $28.28 billion in revenues for the current fiscal year. meds online, directly to you, up to 85% cheaper than the other guys. Condensate and NGL yields increased from 23 bbl/mmcf in Q1 2019 to 29 bbl/mmcf in Q1 2020, resulting from a focus on development of Peyto’s liquids rich Cardium play. The firm added that it was “encouraged” by WGO’s ability to grow its market share.First Solar and SunPower were both downgraded at Credit Suisse, which cited valuation following recent gains.
Suncor is able to make these reductions because of the flexibility previously built into the budget. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Financial Results. Suncor Energy, which belongs to the Zacks Oil and Gas - Integrated - Canadian industry, posted revenues of $5.78 billion for the quarter ended March 2020, missing the Zacks Consensus Estimate by 31.90%.
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