Suncor doubles down on in situ as base plant mine runs dry [Wealth Professional (Canada)]
Suncor Energy Inc. (SU)
Last suncor energy inc. earnings: 2/5 07:15 pm
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Source: Wealth Professional
Steam, not shovels, will drive most of Suncor Energy Inc.'s bitumen output by 2040 — and it plans to do it without building a new oilsands mine. According to Reuters , Suncor told investors its production mix will flip over the next 15 years: today, 70 percent of its oilsands crude comes from large-scale mining in northern Alberta and 30 percent from deeper deposits produced with steam-assisted in situ technology. By 2040, 60 percent of its oilsands barrels are expected to come from in situ developments and just 40 percent from mining. Chief executive Rich Kruger said, “In situ delivers two times the relative cash flow per barrel compared to mining today.” The Financial Times reports this pivot responds to declining volumes from Suncor's Base Plant in the oilsands, which dates back to the 1960s and is widely expected to be depleted by the mid-2030s. The Base Plant, the site of Canada's first-ever oilsands operations, has long supplied Suncor's upgraders that convert thick,
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News
- Wednesday's analyst upgrades and downgrades [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- 1 Canadian Energy Stock Set for Major Growth in 2026 [Yahoo! Finance Canada]Yahoo! Finance Canada
- Suncor Energy Maintained at Buy at TPH Ahead of Its Investor Day; Price Target at C$90.00 [Yahoo! Finance Canada]Yahoo! Finance Canada
- Hot Sheet: Investment insights from BNN Bloomberg's market experts for March 30 [BNN Bloomberg (Canada)]BNN Bloomberg
- Western Copper and Gold Reports 2025 Annual Results and Corporate Update [Yahoo! Finance]Yahoo! Finance
SU
Earnings
- 2/3/26 - Beat
SU
Sec Filings
- 3/31/26 - Form 6-K
- 3/31/26 - Form 6-K
- 3/26/26 - Form 6-K
- SU's page on the SEC website