CFPS beat all estimates on strong operations and lower cash costs. ’17 guidance essentially unchanged. ’18 guidance is expected in midNovember. Our ‘18e estimate for capex is up $0.4 billion to align with notional indications, while our ‘18e production and CFPS estimates are both down 3% to align our Fort Hills ramp-up with Management’s suggestion. Target up $1.00 to $42.00/share. HOLD rating maintained.
27 Oct 2017
SU – 3Q17 beats; projects on track
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
SU – 3Q17 beats; projects on track
Suncor Energy Inc. (SU:TSE) | 0 0 (-0.3%) | Mkt Cap: 69,601m
- Published:
27 Oct 2017 -
Author:
Michael P. Dunn -
Pages:
12
CFPS beat all estimates on strong operations and lower cash costs. ’17 guidance essentially unchanged. ’18 guidance is expected in midNovember. Our ‘18e estimate for capex is up $0.4 billion to align with notional indications, while our ‘18e production and CFPS estimates are both down 3% to align our Fort Hills ramp-up with Management’s suggestion. Target up $1.00 to $42.00/share. HOLD rating maintained.