Suncor’s 2Q15 update provided several positive data points, as financial results beat expectations soundly on strong reliability and lower
costs, guidance for capex and production has been improved, the dividend was raised for the 13th straight year, and a share buyback program was reinitiated. We have reduced our Oil Sands operating and sustaining capital costs estimates going forward. Our 2016e+ and 2018e CFPS
estimates are up 1% and 3% respectively.
31 Jul 2015
Suncor Knocks It Out of the Park
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Suncor Knocks It Out of the Park
Suncor Energy Inc. (SU:TSE) | 0 0 (-0.3%) | Mkt Cap: 69,601m
- Published:
31 Jul 2015 -
Author:
Michael P. Dunn -
Pages:
12
Suncor’s 2Q15 update provided several positive data points, as financial results beat expectations soundly on strong reliability and lower
costs, guidance for capex and production has been improved, the dividend was raised for the 13th straight year, and a share buyback program was reinitiated. We have reduced our Oil Sands operating and sustaining capital costs estimates going forward. Our 2016e+ and 2018e CFPS
estimates are up 1% and 3% respectively.