Suncor Energy
SU
Market cap $49.3B

38.85 USD

-0.13

0.33%

Updated Oct 22, 10:48 AM EDT

1 day

-0.33%

5 days

1.25%

1 month

2.61%

3 months

0.18%

6 months

-0.59%

Year to date

20.99%

1 year

15.94%

5 years

26.80%

About: Suncor Energy Inc is an integrated energy company. The company's operations include oil sands development, production and upgrading, offshore oil production, petroleum refining in Canada and the U.S., and the company's Petro-Canada retail and wholesale distribution networks. The company is developing petroleum resources while advancing the transition to a low-emissions future through investment in power, and renewable fuels. It also conducts energy trading activities focused principally on the marketing and trading of crude oil, natural gas, byproducts, refined products and power. The company's operating segments include Oil Sands, Exploration and Production, and Refining and Marketing. Geographically, the company generates a majority of its revenue from Canada.

Employees: 14,906

0

Funds holding %

of 6,740 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

58% more first-time investments, than exits

New positions opened: 98 | Existing positions closed: 62

6% more funds holding

Funds holding: 582 [Q1] → 618 (+36) [Q2]

4% more funds holding in top 10

Funds holding in top 10: 23 [Q1] → 24 (+1) [Q2]

2% more capital invested

Capital invested by funds: $32.8B [Q1] → $33.5B (+$689M) [Q2]

0.51% less ownership

Funds ownership: 68.43% [Q1] → 67.92% (-0.51%) [Q2]

7% less repeat investments, than reductions

Existing positions increased: 196 | Existing positions reduced: 210

8% less call options, than puts

Call options by funds: $411M | Put options by funds: $445M

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Research analyst outlook

We haven’t received any recent analyst ratings for SU.

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Financial journalist opinion

Based on 7 articles about SU published over the past 30 days

Suncor Energy: The Best Is Yet To Come

Suncor Energy is a high-quality Canadian oil company with strong results, a nice starting yield, and an undemanding valuation. Despite macroeconomic uncertainties, Suncor's operational performance is robust, with increasing production and significant cash flow generation. Suncor is reducing its debt and plans to enhance shareholder returns through dividends and aggressive buybacks.

Suncor Energy: The Best Is Yet To Come

Zacks Investment Research

Will Suncor Energy (SU) Beat Estimates Again in Its Next Earnings Report?

Suncor Energy (SU) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Will Suncor Energy (SU) Beat Estimates Again in Its Next Earnings Report?

Suncor Announces Pricing of Tender Offers for Certain Outstanding Series of Notes

Calgary, Alberta--(Newsfile Corp. - October 3, 2024) - Suncor Energy Inc. (TSX: SU) (NYSE: SU) ("Suncor") announced today the total consideration payable in connection with its previously announced tender offers (the "Tender Offers") to purchase for cash: (i) up to C$1,000,000,000 aggregate principal amount (the "Pool 1 Maximum Amount"), of its 6.50% Notes due 2038 and 6.80% Notes due 2038 (collectively, the "Pool 1 Notes") and (ii) up to C$100,000,000 aggregate principal amount (the "Pool 2 Maximum Amount" and, together with the Pool 1 Maximum Amount, the "Maximum Amounts"), of its 3.10% Series 6 Medium Term Notes due 2029, 3.00% Series 5 Medium Term Notes due 2026, 6.00% Notes due 2042, 5.35% Notes due 2033, 5.95% Notes due 2035, 5.00% Series 7 Medium Term Notes due 2030 and 5.39% Series 4 Medium Term Notes due 2037 (collectively, the "Pool 2 Notes" and, together with the Pool 1 Notes, the "Notes"), subject to prioritized acceptance levels listed in the table below ("Acceptance Priority Levels") and the terms and conditions of the Tender Offers. "This tender captures significant economic value while retiring substantial long-term debt.

Suncor Announces Pricing of Tender Offers for Certain Outstanding Series of Notes

Suncor Announces Early Tender Results and Increase of Tender Offers for Certain Outstanding Series of Notes

Calgary, Alberta--(Newsfile Corp. - October 3, 2024) - Suncor Energy Inc. (TSX: SU) (NYSE: SU) ("Suncor") announced today the early tender results for its tender offers to purchase for cash certain of its outstanding series of notes (the "Tender Offers"). Suncor also announced that it has increased the previously announced Pool 1 Maximum Amount (as defined below) from C$700,000,000 aggregate purchase price, excluding accrued and unpaid interest, to C$1,000,000,000 aggregate principal amount and the Pool 2 Maximum Amount (as defined below) from C$100,000,000 aggregate purchase price, excluding accrued and unpaid interest, to C$100,000,000 aggregate principal amount.

Suncor Announces Early Tender Results and Increase of Tender Offers for Certain Outstanding Series of Notes

Zacks Investment Research

Suncor's Guilty Plea in 2019 Incident: Fines to be Imposed

SU pleads guilty to safety breach after a 2019 incident on Terra Nova vessel, resulting in fines and a mandated review of its safety protocols.

Suncor's Guilty Plea in 2019 Incident: Fines to be Imposed

Zacks Investment Research

Suncor Energy's Shares Up 15% Year to Date: Time to Buy or Hold?

SU's shares are up 15% year to date, reflecting strong performance. High debt levels, stretched valuation and ESG concerns could make investors hesitate.

Suncor Energy's Shares Up 15% Year to Date: Time to Buy or Hold?

Suncor Energy: Reshaping The Oil Landscape

Suncor Energy's 2024 stock rise reflects strong operational performance, cost efficiency, and a strategic shift towards renewable energy and carbon reduction. Despite market volatility, Suncor posted robust financials in Q2 2024, with significant cash flow and a steady dividend payout, showcasing strong financial governance. Suncor's integrated vertical model and high refinery utilization provide a competitive edge, ensuring stable margins and effective capital allocation.

Suncor Energy: Reshaping The Oil Landscape

Suncor Announces Tender Offers for Certain Outstanding Series of Notes

Calgary, Alberta--(Newsfile Corp. - September 19, 2024) - Suncor Energy Inc. (TSX: SU) (NYSE: SU) ("Suncor") announced today the commencement of tender offers to purchase for cash certain of its outstanding series of notes listed in the table below (collectively, the "Notes") for an aggregate purchase price, excluding accrued and unpaid interest, of up to C$800 million (collectively, the "Tender Offers"). Title of Security (1) CUSIP/ISIN Principal Amount Outstanding Maximum Amount (2) Acceptance Priority Level (3) Par Call Date (4) Maturity Date Reference Security Bloomberg Reference Page Fixed Spread (5)(6) Pool 1 Tender Offers 6.50% Notes due 2038 867229AE6 / US867229AE68 US$954,042,000 C$700,000,000 1 N/A June 15, 2038 3.875% UST due August 15, 2034 FIT1 135 6.80% Notes due 2038(7) 71644EAJ1 / US71644EAJ10 US$881,081,000 2 N/A May 15, 2038 3.875% UST due August 15, 2034 FIT1 140 Pool 2 Tender Offers 3.10% Series 6 Medium Term Notes due 2029 86721ZAP4 / CA86721ZAP41 C$78,743,000 C$100,000,000 1 February 24, 2029 May 24, 2029 2.25% Government of Canada Bond due June 1, 2029 FIT CAN0-50 120 3.00% Series 5 Medium Term Notes due 2026 86721ZAM1 / CA86721ZAM10 C$115,182,000 2 June 14, 2026 September 14, 2026 1.50% Government of Canada Bond due June 1, 2026 FIT CAN0-50 70 6.00% Notes due 2042(8) 13643EAH8, C18885AF7 / US13643EAH80, USC18885AF71 US$31,625,000 3 October 1, 2041 April 1, 2042 4.125% UST due August 15, 2044 FIT1 200 5.35% Notes due 2033(7) 716442AH1 / US716442AH16 US$118,367,000 4 N/A July 15, 2033 3.875% UST due August 15, 2034 FIT1 105 5.95% Notes due 2035(7) 71644EAG7 / US71644EAG70 US$199,271,000 5 N/A May 15, 2035 3.875% UST due August 15, 2034 FIT1 125 5.00% Series 7 Medium Term Notes due 2030 86721ZAQ2 / CA86721ZAQ24 C$154,041,000 6 January 9, 2030 April 9, 2030 1.25% Government of Canada Bond due June 1, 2030 FIT CAN0-50 125 5.39% Series 4 Medium Term Notes due 2037 86721ZAB5 / CA86721ZAB54 C$279,124,000 7 N/A March 26, 2037 2.75% Government of Canada Bond due December 1, 2055 FIT CAN0-50 165 (1) The 6.50% Notes due 2038, 6.80% Notes due 2038, 6.00% Notes due 2042, 5.35% Notes due 2033 and 5.95% Notes due 2035 are referred to herein as the "US$ Notes.

Suncor Announces Tender Offers for Certain Outstanding Series of Notes

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Cashing In On Suncor: A High-Yield Oil Play Too Good To Ignore

Despite current oil price pressure, Suncor's integrated business model and cost efficiencies position it well for long-term success and substantial returns. Suncor is aggressively returning capital to shareholders through dividends and buybacks, supported by robust free cash flow and debt reduction. The company trades at an attractive valuation, offering a deep-value opportunity with significant upside potential as oil prices stabilize.

Cashing In On Suncor: A High-Yield Oil Play Too Good To Ignore

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