We expect a neutral market reaction. Midpoints of 2020 guidance for capex/production were 4% above/1% below consensus. We are raising our TP to $43.00/share from $39.00 (12.2x ‘20e P/FCF*).
03 Dec 2019
SU guides to 800-840 mboe/d and capex of $5.4-$6.0B for 2020e
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SU guides to 800-840 mboe/d and capex of $5.4-$6.0B for 2020e
Suncor Energy Inc. (SU:TSE) | 0 0 (-0.3%) | Mkt Cap: 69,601m
- Published:
03 Dec 2019 -
Author:
Michael P. Dunn -
Pages:
5
We expect a neutral market reaction. Midpoints of 2020 guidance for capex/production were 4% above/1% below consensus. We are raising our TP to $43.00/share from $39.00 (12.2x ‘20e P/FCF*).