Declared Dividend • May 10
First quarter dividend of CA$0.60 announced Shareholders will receive a dividend of CA$0.60. Ex-date: 4th June 2026 Payment date: 25th June 2026 Dividend yield will be 2.2%, which is lower than the industry average of 6.4%. Sustainability & Growth Dividend is well covered by both earnings (45% earnings payout ratio) and cash flows (39% cash payout ratio). The dividend has increased by an average of 7.5% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 26% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • May 08
First quarter 2026 earnings released: EPS: CA$1.77 (vs CA$1.36 in 1Q 2025) First quarter 2026 results: EPS: CA$1.77 (up from CA$1.36 in 1Q 2025). Revenue: CA$14.5b (up 18% from 1Q 2025). Net income: CA$2.10b (up 24% from 1Q 2025). Profit margin: 14% (in line with 1Q 2025). Revenue is forecast to stay flat during the next 3 years, in line with the revenue forecast for the Oil and Gas industry in South America. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 27% per year, which means it is well ahead of earnings. Aankondiging • Apr 22
Suncor Energy Inc. to Report Q1, 2026 Results on May 05, 2026 Suncor Energy Inc. announced that they will report Q1, 2026 results at 7:00 PM, US Eastern Standard Time on May 05, 2026 New Risk • Mar 31
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.04% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Earnings are forecast to decline by an average of 0.04% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Valuation Update With 7 Day Price Move • Mar 26
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to Mex$1,200, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 9x in the Oil and Gas industry in South America. Total returns to shareholders of 149% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at Mex$1,512 per share. Aankondiging • Feb 05
Suncor Energy Inc., Annual General Meeting, May 05, 2026 Suncor Energy Inc., Annual General Meeting, May 05, 2026. Aankondiging • Jan 21
Suncor Energy Inc. to Report Q4, 2025 Results on Feb 03, 2026 Suncor Energy Inc. announced that they will report Q4, 2025 results at 7:00 PM, US Eastern Standard Time on Feb 03, 2026 Aankondiging • Dec 14
Suncor Energy Inc. Provides Production Guidance for 2026 Suncor Energy Inc. provided production guidance for 2026. For the year, the company expects total production to be 840,000 bbls/d to 870,000 bbls/d. Declared Dividend • Nov 21
Third quarter dividend of CA$0.60 announced Shareholders will receive a dividend of CA$0.60. Ex-date: 3rd December 2025 Payment date: 24th December 2025 Dividend yield will be 3.0%, which is lower than the industry average of 6.4%. Sustainability & Growth Dividend is covered by both earnings (53% earnings payout ratio) and cash flows (36% cash payout ratio). The dividend has increased by an average of 7.9% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 9.3% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Declared Dividend • Nov 10
Third quarter dividend of CA$0.60 announced Shareholders will receive a dividend of CA$0.60. Ex-date: 3rd December 2025 Payment date: 24th December 2025 Dividend yield will be 3.2%, which is lower than the industry average of 6.4%. Sustainability & Growth Dividend is covered by both earnings (53% earnings payout ratio) and cash flows (36% cash payout ratio). The dividend has increased by an average of 7.9% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 11% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Nov 07
Third quarter 2025 earnings released: EPS: CA$1.34 (vs CA$1.59 in 3Q 2024) Third quarter 2025 results: EPS: CA$1.34 (down from CA$1.59 in 3Q 2024). Revenue: CA$12.6b (down 2.6% from 3Q 2024). Net income: CA$1.62b (down 20% from 3Q 2024). Profit margin: 13% (down from 16% in 3Q 2024). Revenue is forecast to stay flat during the next 3 years compared to a 3.0% growth forecast for the Oil and Gas industry in South America. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Aankondiging • Oct 22
Suncor Energy Inc. to Report Q3, 2025 Results on Nov 04, 2025 Suncor Energy Inc. announced that they will report Q3, 2025 results on Nov 04, 2025 Recent Insider Transactions • Aug 16
Independent Chairman recently bought Mex$7.3m worth of stock On the 14th of August, Russell Girling bought around 10k shares on-market at roughly Mex$729 per share. This transaction amounted to 15% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth Mex$8.5m. Russell has been a buyer over the last 12 months, purchasing a net total of Mex$16m worth in shares. Recent Insider Transactions • Aug 09
Independent Director recently bought Mex$2.0m worth of stock On the 8th of August, Christopher Seasons bought around 3k shares on-market at roughly Mex$727 per share. This transaction amounted to 44% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth Mex$8.5m. Insiders have collectively bought Mex$22m more in shares than they have sold in the last 12 months. Declared Dividend • Aug 08
Second quarter dividend of CA$0.57 announced Shareholders will receive a dividend of CA$0.57. Ex-date: 4th September 2025 Payment date: 25th September 2025 Dividend yield will be 3.3%, which is lower than the industry average of 6.4%. Sustainability & Growth Dividend is well covered by both earnings (49% earnings payout ratio) and cash flows (33% cash payout ratio). The dividend has increased by an average of 7.4% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 10% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Aug 07
Second quarter 2025 earnings released: EPS: CA$0.93 (vs CA$1.22 in 2Q 2024) Second quarter 2025 results: EPS: CA$0.93 (down from CA$1.22 in 2Q 2024). Revenue: CA$12.0b (down 7.0% from 2Q 2024). Net income: CA$1.13b (down 28% from 2Q 2024). Profit margin: 9.5% (down from 12% in 2Q 2024). The decrease in margin was driven by lower revenue. Revenue is expected to decline by 1.4% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in South America are expected to grow by 2.6%. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Board Change • Jul 23
High number of new directors Independent Director Jane Peverett was the last director to join the board, commencing their role in 2023. Aankondiging • Jul 23
Suncor Energy Inc. to Report Q2, 2025 Results on Aug 05, 2025 Suncor Energy Inc. announced that they will report Q2, 2025 results at 7:00 PM, US Eastern Standard Time on Aug 05, 2025 Board Change • Jun 24
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Independent Director Jane Peverett was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Jun 12
Independent Chairman recently bought Mex$8.5m worth of stock On the 6th of June, Russell Girling bought around 12k shares on-market at roughly Mex$705 per share. This transaction amounted to 21% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Russell's only on-market trade for the last 12 months. Upcoming Dividend • May 29
Upcoming dividend of CA$0.57 per share Eligible shareholders must have bought the stock before 04 June 2025. Payment date: 25 June 2025. Payout ratio is a comfortable 46% and this is well supported by cash flows. Trailing yield: 4.7%. Lower than top quartile of Mexican dividend payers (5.9%). Lower than average of industry peers (17%). Declared Dividend • May 14
First quarter dividend of CA$0.57 announced Shareholders will receive a dividend of CA$0.57. Ex-date: 4th June 2025 Payment date: 25th June 2025 Dividend yield will be 3.6%, which is lower than the industry average of 6.4%. Sustainability & Growth Dividend is well covered by both earnings (46% earnings payout ratio) and cash flows (31% cash payout ratio). The dividend has increased by an average of 7.4% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 7.5% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Board Change • May 14
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Independent Director Jane Peverett was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Aankondiging • May 09
Suncor Energy Declares Quarterly Dividend, Payable on June 25, 2025 Suncor Energy’s Board of Directors has approved a quarterly dividend of $0.57 per share on its common shares, payable June 25, 2025 to shareholders of record at the close of business on June 4, 2025. Aankondiging • Apr 23
Suncor Energy Inc. to Report Q1, 2025 Results on May 06, 2025 Suncor Energy Inc. announced that they will report Q1, 2025 results at 7:00 PM, US Eastern Standard Time on May 06, 2025 Board Change • Apr 10
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Independent Director Jane Peverett was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 03
Full year 2024 earnings released: EPS: CA$4.72 (vs CA$6.34 in FY 2023) Full year 2024 results: EPS: CA$4.72 (down from CA$6.34 in FY 2023). Revenue: CA$50.7b (up 3.3% from FY 2023). Net income: CA$6.02b (down 28% from FY 2023). Profit margin: 12% (down from 17% in FY 2023). The decrease in margin was driven by higher expenses. Oil reserves Proven reserves: 3970 MMbbls Combined production Oil equivalent production: 827.6 MMboe (745.7 MMboe in FY 2023) Revenue is expected to decline by 1.2% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in South America are expected to grow by 3.5%. Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 4% per year. Board Change • Feb 28
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Independent Director Jane Peverett was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Board Change • Feb 12
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Independent Director Jane Peverett was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Aankondiging • Feb 06
Suncor Energy Inc., Annual General Meeting, May 06, 2025 Suncor Energy Inc., Annual General Meeting, May 06, 2025. Aankondiging • Jan 23
Suncor Energy Inc. to Report Q4, 2024 Results on Feb 05, 2025 Suncor Energy Inc. announced that they will report Q4, 2024 results After-Market on Feb 05, 2025 Aankondiging • Dec 14
Suncor Energy Inc. Provides Production Guidance for the Full Year 2025 Suncor Energy Inc. provided production guidance for the full year 2025. For the year, the company expects total production to be in range of 810,000 boe/d - 840,000 boe/d. Board Change • Dec 06
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Independent Director Jane Peverett was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Nov 20
Senior Vice President of Strategy recently bought Mex$4.1m worth of stock On the 18th of November, Kent Ferguson bought around 5k shares on-market at roughly Mex$825 per share. This transaction amounted to 8.3% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought Mex$14m more in shares than they have sold in the last 12 months. Declared Dividend • Nov 18
Third quarter dividend of CA$0.57 announced Shareholders will receive a dividend of CA$0.57. Ex-date: 3rd December 2024 Payment date: 24th December 2024 Dividend yield will be 2.7%, which is lower than the industry average of 6.4%. Sustainability & Growth Dividend is well covered by both earnings (35% earnings payout ratio) and cash flows (31% cash payout ratio). The dividend has increased by an average of 11% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 25% over the next 3 years. However, it would need to fall by 61% to increase the payout ratio to a potentially unsustainable range. Reported Earnings • Nov 13
Third quarter 2024 earnings released: EPS: CA$1.59 (vs CA$1.19 in 3Q 2023) Third quarter 2024 results: EPS: CA$1.59 (up from CA$1.19 in 3Q 2023). Revenue: CA$13.1b (up 3.3% from 3Q 2023). Net income: CA$2.02b (up 31% from 3Q 2023). Profit margin: 16% (up from 12% in 3Q 2023). Revenue is expected to decline by 3.1% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in South America are expected to grow by 3.3%. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Aankondiging • Oct 23
Suncor Energy Inc. to Report Q3, 2024 Results on Nov 12, 2024 Suncor Energy Inc. announced that they will report Q3, 2024 results at 7:00 PM, US Eastern Standard Time on Nov 12, 2024 Board Change • Oct 17
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Independent Director Jane Peverett was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Aug 28
Upcoming dividend of CA$0.55 per share Eligible shareholders must have bought the stock before 04 September 2024. Payment date: 25 September 2024. Payout ratio is a comfortable 37% and this is well supported by cash flows. Trailing yield: 4.0%. Lower than top quartile of Mexican dividend payers (7.2%). Lower than average of industry peers (15%). Recent Insider Transactions • Aug 17
Senior Vice President of Strategy recently bought Mex$7.7m worth of stock On the 15th of August, Kent Ferguson bought around 10k shares on-market at roughly Mex$768 per share. This transaction amounted to 20% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought Mex$10m more in shares than they have sold in the last 12 months. Declared Dividend • Aug 12
Second quarter dividend of CA$0.55 announced Shareholders will receive a dividend of CA$0.55. Ex-date: 4th September 2024 Payment date: 25th September 2024 Dividend yield will be 3.0%, which is lower than the industry average of 6.4%. Sustainability & Growth Dividend is well covered by both earnings (37% earnings payout ratio) and cash flows (32% cash payout ratio). The dividend has increased by an average of 11% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 11% over the next 3 years. However, it would need to fall by 59% to increase the payout ratio to a potentially unsustainable range. Aankondiging • Aug 08
Suncor Energy Inc. announces Quarterly dividend, payable on September 25, 2024 Suncor Energy Inc. announced Quarterly dividend of CAD 0.5450 per share payable on September 25, 2024, ex-date on September 04, 2024 and record date on September 04, 2024. Reported Earnings • Aug 07
Second quarter 2024 earnings released: EPS: CA$1.22 (vs CA$1.44 in 2Q 2023) Second quarter 2024 results: EPS: CA$1.22 (down from CA$1.44 in 2Q 2023). Revenue: CA$13.0b (up 11% from 2Q 2023). Net income: CA$1.57b (down 17% from 2Q 2023). Profit margin: 12% (down from 16% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is expected to decline by 2.8% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in South America are expected to grow by 3.2%. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Board Change • Aug 03
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Independent Director Jane Peverett was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Aankondiging • Jul 24
Suncor Energy Inc. to Report Q2, 2024 Results on Aug 06, 2024 Suncor Energy Inc. announced that they will report Q2, 2024 results at 7:00 PM, US Eastern Standard Time on Aug 06, 2024 Upcoming Dividend • May 31
Upcoming dividend of CA$0.55 per share Eligible shareholders must have bought the stock before 04 June 2024. Payment date: 25 June 2024. Payout ratio is a comfortable 35% and this is well supported by cash flows. Trailing yield: 3.9%. Lower than top quartile of Mexican dividend payers (6.5%). Lower than average of industry peers (16%). Board Change • May 31
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Independent Director Jane Peverett was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • May 28
Upcoming dividend of CA$0.55 per share Eligible shareholders must have bought the stock before 04 June 2024. Payment date: 25 June 2024. Payout ratio is a comfortable 35% and this is well supported by cash flows. Trailing yield: 3.9%. Lower than top quartile of Mexican dividend payers (6.4%). Lower than average of industry peers (14%). Declared Dividend • May 10
First quarter dividend of CA$0.55 announced Shareholders will receive a dividend of CA$0.55. Ex-date: 4th June 2024 Payment date: 25th June 2024 Dividend yield will be 3.2%, which is lower than the industry average of 6.4%. Sustainability & Growth Dividend is well covered by both earnings (35% earnings payout ratio) and cash flows (35% cash payout ratio). The dividend has increased by an average of 11% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 22% over the next 3 years. However, it would need to fall by 61% to increase the payout ratio to a potentially unsustainable range. Reported Earnings • May 08
First quarter 2024 earnings released: EPS: CA$1.25 (vs CA$1.54 in 1Q 2023) First quarter 2024 results: EPS: CA$1.25 (down from CA$1.54 in 1Q 2023). Revenue: CA$12.5b (up 5.2% from 1Q 2023). Net income: CA$1.61b (down 22% from 1Q 2023). Profit margin: 13% (down from 17% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat during the next 3 years, in line with the revenue forecast for the Oil and Gas industry in South America. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Aankondiging • Apr 24
Suncor Energy Inc. to Report Q1, 2024 Results on May 07, 2024 Suncor Energy Inc. announced that they will report Q1, 2024 results on May 07, 2024 Declared Dividend • Feb 25
Fourth quarter dividend of CA$0.55 announced Shareholders will receive a dividend of CA$0.55. Ex-date: 1st March 2024 Payment date: 25th March 2024 Dividend yield will be 3.8%, which is lower than the industry average of 6.4%. Sustainability & Growth Dividend is well covered by both earnings (33% earnings payout ratio) and cash flows (44% cash payout ratio). The dividend has increased by an average of 11% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 35% over the next 3 years. However, it would need to fall by 63% to increase the payout ratio to a potentially unsustainable range. Aankondiging • Feb 09
Suncor Energy Inc., Annual General Meeting, May 07, 2024 Suncor Energy Inc., Annual General Meeting, May 07, 2024. Recent Insider Transactions • Dec 31
Chief Human Resources Officer recently bought Mex$1.1m worth of stock On the 28th of December, Karen Keegans bought around 2k shares on-market at roughly Mex$543 per share. This transaction amounted to 75% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth Mex$1.4m. Insiders have collectively bought Mex$7.5m more in shares than they have sold in the last 12 months. Aankondiging • Dec 29
Suncor Energy Inc. to Report Q4, 2023 Results on Feb 21, 2024 Suncor Energy Inc. announced that they will report Q4, 2023 results on Feb 21, 2024 Recent Insider Transactions • Dec 14
Chief Human Resources Officer recently bought Mex$1.4m worth of stock On the 12th of December, Karen Keegans bought around 3k shares on-market at roughly Mex$515 per share. This trade did not impact their existing holding. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought Mex$6.4m more in shares than they have sold in the last 12 months. Buying Opportunity • Dec 06
Now 21% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be Mex$715, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 28% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to decline by 7.7% in 2 years. Earnings is forecast to decline by 11% in the next 2 years. Aankondiging • Nov 22
Suncor Energy Inc. (TSX:SU) completed the acquisition of Total E&P Canada Ltd. from TotalEnergies SE (ENXTPA:TTE). Suncor Energy Inc. (TSX:SU) signed an agreement to acquire Total E&P Canada Ltd. from TotalEnergies SE (ENXTPA:TTE) for CAD 6.1 billion on April 26, 2023. Under the terms of the transaction, Suncor would acquire all of the shares of Total E&P Canada for cash consideration of CAD 5.5 billion at closing subject to adjustments, with the potential for additional payments of up to an aggregate maximum of CAD 600 million, conditional upon Western Canadian Select benchmark pricing and certain production targets. The transaction includes the acquisition of the remaining 31.23% working interest in Fort Hills and 50% working interest in Surmont, held by Total E&P Canada. The transaction will be funded through cash on hand and debt. The offering $1.5 billion will be used to fund the transaction. The transaction is subject to regulatory approvals, the waiver of TotalEnergies EP Canada Ltd’s partners pre-emption rights, ConocoPhillips waiving its right of first refusal in respect of the Surmont working interest and customary closing conditions. On May 26, 2023, Suncor Energy has been notified that ConocoPhillips Canada has elected to exercise their right of first refusal with respect to TotalEnergies’ 50% working interest in the Surmont asset. As a result, each of the parties has the right to terminate the agreement under which Suncor would acquire TotalEnergies’ Canadian operations and Suncor will be assessing the transaction in light of this change.
As of October 4, 2023, Suncor Energy announced that it has agreed to acquire Total E&P Canada Ltd., which holds a 31.23% working interest in the Fort Hills oil sands mining project for CAD 1.468 billion. Upon closing of the transaction, Suncor will own 100% of Fort Hills. Regulatory approvals have been received and, subject to closing, the transaction will have an effective date of April 1, 2023.
The transaction is expected to close by end of third quarter of 2023. The acquisition is expected to strengthen the underlying business, result in increasing funds flow and be accretive to funds flow per share. David Harrison of J.P. Morgan Securities Canada Inc. acted as financial advisor and Peter Keohane, Chris Harris and Ky Kvisle of Blake, Cassels & Graydon LLP and Adam Givertz and Andrew Finch of Paul, Weiss, Rifkind, Wharton & Garrison LLP acted as legal advisors to Suncor. RBC Capital Markets (Europe) GmbH, Paris Branch and TD Securities, Inc. acted as financial advisor to TotalEnergies SE.
Suncor Energy Inc. (TSX:SU) completed the acquisition of Total E&P Canada Ltd. from TotalEnergies SE (ENXTPA:TTE) on November 20, 2023. Aankondiging • Nov 17
Suncor Energy Inc. Approves Quarterly Dividend, Payable December 22, 2023 Suncor Energy Inc. Board of Directors has approved a quarterly dividend of $0.545 per share on its common shares representing an increase of approximately 5% over the prior quarter dividend. The dividend will be payable December 22, 2023 to shareholders of record at the close of business on December 1, 2023. Aankondiging • Sep 30
Suncor Energy Inc. to Report Q3, 2023 Results on Nov 08, 2023 Suncor Energy Inc. announced that they will report Q3, 2023 results on Nov 08, 2023 Aankondiging • Sep 06
Suncor Energy Inc. Appoints Jane Peverett to the Board Effective September 1, 2023 Eira Thomas has retired from Suncor Energy Inc.’s board of directors and Jane Peverett has been appointed to the board effective September 1, 2023. Peverett had a successful 25-year career in the energy sector, primarily in the utility space. Before retiring from her executive career, Peverett was chief executive officer of the B.C. Transmission Corporation, where among other accomplishments, she initiated construction of the first major expansion of B.C.'s electrical grid. Prior to that, Peverett held progressively more senior finance and regulatory affairs roles at Westcoast Energy, until her appointment in 2001 as president and chief executive officer of Union Gas Limited, becoming the first woman president of a natural gas utility in Canada. Since starting her board career, Peverett has served on numerous corporate boards in the energy, banking, insurance, transportation, utility and media industries in Canada and the U.S. She is currently serving on the boards of Canadian Pacific Kansas City Limited, Northwest Natural Holding Company and Capital Power Corporation. Peverett also serves as chair of the CSI Group (formerly the Canadian Standards Association). Peverett's appointment follows the retirement of Thomas. Upcoming Dividend • Aug 24
Upcoming dividend of CA$0.52 per share at 4.7% yield Eligible shareholders must have bought the stock before 31 August 2023. Payment date: 25 September 2023. Payout ratio is a comfortable 45% and this is well supported by cash flows. Trailing yield: 4.7%. Lower than top quartile of Mexican dividend payers (6.2%). Lower than average of industry peers (28%). Aankondiging • Aug 17
Suncor Continues Talks to Buy TotalEnergies Fort Hills Oil Sands Stake Canada’s Suncor Energy Inc. (TSX:SU) is continuing talks with French oil major TotalEnergies SE (ENXTPA:TTE) about buying its nearly one-third stake in the Fort Hills oil sands mine, Suncor’s CEO said. Chief Executive Rich Kruger said he expects a resolution of the talks this year. Canada’s second-largest oil producer is looking to increase its bitumen supplies to replace its aging Base Mine. “We generally would prefer to operate and have 100% ownership of our assets; that's generally where we think we can add the most value and be the most competitive,” Kruger said on a quarterly conference call. "Fort Hills would fit into that." Total owns a 31.23% stake in Alberta's Fort Hills, with the operator Suncor owning the rest. Suncor agreed in April to buy Total’s Canadian operations for CAD 5.5 billion ($4.08 billion), including Total’s Fort Hills interest and its 50% stake in the Surmont facility. However, ConocoPhillips (COP.N), which operates Surmont, exercised its right of first refusal to buy Total’s stake instead of Suncor, triggering a review of Suncor’s deal with Total. Kruger said Suncor also has internal options to increase its long-term bitumen supply. Aankondiging • Jun 08
Suncor Appoints Dave Oldreive as Executive Vice President, Downstream Suncor announced that Dave Oldreive will be joining Suncor as executive vice president, Downstream. Dave brings nearly 30 years of energy industry experience, including extensive experience in Canadian refining and a keen understanding of the Canadian market. He is known for delivering operational excellence and enhanced competitiveness as well as for transforming culture and leadership. Through his career with ExxonMobil and Imperial Oil working in Canada, the United States and Singapore, Dave has had a variety of roles in engineering, operations, supply, and corporate functions with increasing responsibility. In his most recent position as the head of ExxonMobil's Baton Rouge refinery he was responsible for all aspects of safe, reliable and profitable operations of the refinery. Prior to that, Dave was the refinery manager for Imperial Oil's Strathcona refinery. Dave holds a mechanical engineering degree from Dalhousie University and a Master of Business Administration from Saint Mary's University. Aankondiging • Jun 07
Suncor Energy Inc. to Report Q2, 2023 Results on Aug 01, 2023 Suncor Energy Inc. announced that they will report Q2, 2023 results on Aug 01, 2023 Reported Earnings • May 11
First quarter 2023 earnings released: EPS: CA$1.54 (vs CA$2.06 in 1Q 2022) First quarter 2023 results: EPS: CA$1.54 (down from CA$2.06 in 1Q 2022). Revenue: CA$12.3b (down 8.1% from 1Q 2022). Net income: CA$2.05b (down 30% from 1Q 2022). Profit margin: 17% (down from 22% in 1Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to decline by 10% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in South America are expected to remain flat. Upcoming Dividend • Feb 23
Upcoming dividend of CA$0.52 per share at 4.7% yield Eligible shareholders must have bought the stock before 02 March 2023. Payment date: 24 March 2023. Payout ratio is a comfortable 29% and this is well supported by cash flows. Trailing yield: 4.7%. Lower than top quartile of Mexican dividend payers (5.9%). Lower than average of industry peers (33%). Aankondiging • Feb 16
Suncor Energy Approves Quarterly Dividend on its Common Shares, Payable March 24, 2023 Suncor Energy's board of directors has approved a quarterly dividend of CAD 0.52 per share on its common shares, payable March 24, 2023 to shareholders of record at the close of business on March 3, 2023. Reported Earnings • Feb 16
Full year 2022 earnings released: EPS: CA$6.54 (vs CA$2.77 in FY 2021) Full year 2022 results: EPS: CA$6.54 (up from CA$2.77 in FY 2021). Revenue: CA$58.3b (up 49% from FY 2021). Net income: CA$9.08b (up 120% from FY 2021). Profit margin: 16% (up from 11% in FY 2021). The increase in margin was driven by higher revenue. Revenue is expected to fall by 18% p.a. on average during the next 2 years compared to a 2.8% decline forecast for the Oil and Gas industry in South America. Aankondiging • Feb 15
Suncor Energy Inc. Updates Production Guidance for 2023 Suncor Energy Inc. updated production guidance for 2023. Suncor has updated its 2023 Fort Hills production range from 90,000 bbls/d - 100,000 bbls/d to 85,000 bbls/d - 95,000 bbls/d, to reflect the lower incremental working interest purchased from Teck of 14.65%, with no change to Suncor's total upstream production range. Board Change • Jan 27
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Director Jackie Sheppard was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Aankondiging • Jan 07
Canadian Utilities Limited (TSX:CU) acquired Portfolio of Wind and Solar Assets and Projects Located in Alberta and Ontario from Suncor Energy Inc. (TSX:SU) for approximately CAD 710 million. Canadian Utilities Limited (TSX:CU) entered into a definitive agreement to acquire a Portfolio of Wind and Solar Assets and Projects Located in Alberta and Ontario of Suncor Energy Inc. (TSX:SU) for approximately CAD 730 million on October 5, 2022. The transaction is subject to customary closing conditions, including applicable third-party regulatory reviews and approvals. The purchase price is subject to closing adjustments typical of transactions of this nature. The transaction is expected to close in the first quarter of 2023. The acquisition is expected to be earnings and cash flow accretive in 2023.
Canadian Utilities Limited (TSX:CU) acquired Portfolio of Wind and Solar Assets and Projects Located in Alberta and Ontario from Suncor Energy Inc. (TSX:SU) for approximately CAD 710 million on January 6, 2023. Aankondiging • Jan 03
Suncor Energy Inc. to Report Q4, 2022 Results on Feb 14, 2023 Suncor Energy Inc. announced that they will report Q4, 2022 results on Feb 14, 2023 Valuation Update With 7 Day Price Move • Dec 19
Investor sentiment deteriorated over the past week After last week's 16% share price decline to Mex$592, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 4x in the Oil and Gas industry in South America. Total returns to shareholders of 8.9% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at Mex$886 per share. Reported Earnings • Nov 05
Third quarter 2022 earnings released: CA$0.45 loss per share (vs CA$0.59 profit in 3Q 2021) Third quarter 2022 results: CA$0.45 loss per share (down from CA$0.59 profit in 3Q 2021). Revenue: CA$15.1b (up 48% from 3Q 2021). Net loss: CA$609.0m (down 169% from profit in 3Q 2021). Revenue is expected to fall by 9.4% p.a. on average during the next 3 years compared to a 6.4% decline forecast for the Oil and Gas industry in South America. Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • May 26
Upcoming dividend of CA$0.47 per share Eligible shareholders must have bought the stock before 02 June 2022. Payment date: 24 June 2022. Payout ratio is a comfortable 30% and this is well supported by cash flows. Trailing yield: 3.7%. Lower than top quartile of Mexican dividend payers (6.0%). Lower than average of industry peers (20%). Recent Insider Transactions • May 15
Independent Director recently bought Mex$14m worth of stock On the 12th of May, Russell Girling bought around 20k shares on-market at roughly Mex$700 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought Mex$37m more in shares than they have sold in the last 12 months. 
