Research, Charts & Company Announcements
Research Tree provides access to ongoing research coverage, media content and regulatory news on SUNCOR ENERGY INC. We currently have 46 research reports from 1 professional analysts.
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SUNCOR ENERGY INC
SUNCOR ENERGY INC
Commodity Price Update – Impact on Integrateds, Large Cap E&P, Oilsands
28 Sep 16
3Q16e WTI prices look set to average ~US$44.50/bbl vs. our $50.00/bbl prior estimate. We have also reduced our 4Q16e WTI forecasts by US$5.00 to US$50.00/ bbl, but left our 2016e+ oil & gas price deck largely unchanged. For the second time in three months we are increasing our forecasts for Canadian refined product premiums relative to New York Harbor.
ISSUING C$1.0 BILLION IN NOTES - MORE DRY POWDER, OR MERELY OPPORTUNISTIC FINANCING?
08 Sep 16
Suncor announced it will issue C$1.0 billion of senior unsecured notes, consisting of C$700 mm of 2026 notes (3.00% coupon priced at $99.751) and $300 mm of 2046 notes (4.34% coupon priced at $99.900), and noted the intent is to use the proceeds to repay some of its existing short-term indebtedness.
SUNCOR BUYS 30% STAKE IN UNDEVELOPED UK ROSEBANK FIELD
09 Aug 16
Suncor announced that it is acquiring a 30% non-operated interest in the Chevron-operated Rosebank project, offshore UK. Suncor will pay US$50 mm, plus additional consideration of US$165 mm should the project get sanctioned and Suncor choose to participate.
2Q16 CFPS $0.58/SHARE BEATS EXPECTATIONS
27 Jul 16
Market Impact: Positive. Cash flow of $0.58/share handily beat expectations, as Oil Sands cash costs were not as high as we had guessed, and refining margins were better than we had modeled, partially due to FIFO. There was no cost update for Fort Hills, but first oil is now targeted for year-end 2017 instead of the fourth quarter, due to delays caused by the forest fires. 2016 guidance is unchanged
19 Apr 17
We take a look at the supply and demand dynamics of the world’s largest diamonds. Less than 200 very large (>200 carat) gem quality diamonds have ever been found, yet 23 of these have been found in the past three years. This dramatic increase is being driven by a combination of the rapid increase in the number of billionaires and hence price and demand, combined with technological developments that have improved large diamond recovery and a certain amount of geological good luck.
Small Cap Breakfast
19 Apr 17
Global Ports Holding—Intention to float on Standard List. International cruise ports operator. Seeking $250m raise including $75m primary offer. Dorcaster—Schedule One Update. Admission now expected 3 May. RTO of Escape Hunt raising £14m at 135p Verditek— Intention to float on AIM. On Admission, the Company's subsidiaries will be involved in advanced solar photovoltaic, filtration and absorption technologies specialising in providing environmental services. Raising £3.5m. Admission in May. Eddie Stobart Logistics— Schedule 1. Admission expected 25 April but capital raising details TBC. ADES International Holding— Intends to join the Standard List in May raising up to $170m plus a vendor sale. Provider of offshore and onshore oil and gas drilling and production services in the Middle East and Africa. Admission expected in May. Tufton Oceanic Assets– Offer extended to 9 May to enable investors to complete further due diligence.