Suncor Energy Inc. Is Running Out of Room to Grow... What's Next? [The Motley Fool]
Suncor Energy Inc. (SU)
Last suncor energy inc. earnings: 2/5 07:15 pm
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suncor.com/investor-centre
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Source: The Motley Fool
With the Canadian oil giant’s two largest expansion projects wrapping up, and pipeline issues not going away anytime soon, the company needs to find new ways to grow. Suncor Energy ( NYSE:SU ) recently put the finishing touches on two megaprojects that position it for significant production growth in the near term. However, the company's growth beyond this phase remains unclear because it can't sanction new oil sands projects until more pipelines come online, which won't happen anytime soon due to continued opposition. Because of that, the company needs to look elsewhere to drive future growth. A gusher in the near term Suncor Energy delivered first oil on both its Fort Hills oil sands facility and the Hebron offshore oil platform at the end of last year. Those two expansions position the company to produce between 740,000 to 780,000 barrels of oil equivalent per day (BOE/D) this year, up about 10% from last year. Meanwhile, as production ramps up from these projects,
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SU
News
- Here's Why Suncor Energy (SU) Gained But Lagged the Market Today [Yahoo! Finance]Yahoo! Finance
- Canada unions brace for 2025 labor crunch in oil sands maintenance season [Reuters]Reuters
- Suncor Energy Inc. (NYSE: SU) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
- Higher oil doesn't shake industry talk on spending discipline at CAPP conference [BNN Bloomberg (Canada)]BNN Bloomberg
- Higher oil doesn't shake industry talk on spending discipline at CAPP conference [Financial Post (Toronto, Ontario, Canada)]Financial Post
SU
Earnings
- 2/21/24 - Beat
SU
Sec Filings
- 3/27/24 - Form 6-K
- 3/22/24 - Form 6-K
- 3/22/24 - Form 40-F
- SU's page on the SEC website