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Stock Market & Financial Investment News

News Breaks
June 10, 2014
07:10 EDTSUSuncor upgraded to Buy from Hold at Stifel
Stifel upgraded Suncor to Buy based on expectations for improving 2H operating results, higher consensus estimates and increasing positive free cash-flow that could be used for further buybacks and or dividend growth. Price target is $48.
News For SU From The Last 14 Days
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November 18, 2014
18:51 EDTSUSuncor sees FY15 CapEx $7.2B-$7.8B, FY15 avg production 540,000-585,000 BOE/d
Suncor Energy released its 2015 corporate guidance, which includes capital spending of between $7.2B-$7.8B and planned average production of 540,000-585,000 barrels of oil equivalent per day. Approximately 55% or up to $4.3B of the 2015 capital spend is expected to go towards growth projects with over $2B earmarked for the Oil Sands segment. About 45% or up to $3.5B of Suncor's 2015 capital spend is expected to be allocated towards sustaining capital investments focused on safe, reliable and efficient operations across the company's assets. Suncor also confirmed comments made in its Q3 release that total production for 2014 is anticipated to be in the low end of its annual guidance range, with Oil Sands operations production slightly below the lower end of the guidance range.

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