Following the August 14 incident at its Base Plant operations, in light of identified performance improvement opportunities at its Firebag operation, and bringing on the second train of production at Fort Hills, Suncor is today providing an operational update and revised 2020 guidance. On August 16, 2020, Suncor reported it had experienced a fire [...]
Suncor today provided an update on the Base Plant mining operations following an incident which occurred on August 14, 2020. At approximately 7 p.m. MT on August 14, a fire occurred in the secondary extraction area of the Base Plant mining operations impacting mined bitumen production. The fire was contained quickly and extinguished some hours [...]
Unless otherwise noted, all financial figures are unaudited, presented in Canadian dollars , and have been prepared in accordance with International Financial Reporting Standards, specifically International Accounting Standard 34 Interim Financial Reporting as issued by the International Accounting Standards Board. Production volumes are presented [...]
Suncor Energy’s Board of Directors has approved a quarterly dividend of $0.21 per share on its common shares, payable September 25, 2020 to shareholders of record at the close of business on September 4, 2020. Suncor Energy is Canada's leading integrated energy company. Suncor's operations include oil sands development and upgrading, offshore oil [...]
Suncor released its 2020 Report on Sustainability today. For 25 years, the company has voluntarily issued an in-depth report on its sustainability performance as part of its commitment to continually monitor, assess and share the impacts of its business. Strengthening relationships with Indigenous communities, reducing the carbon intensity of [...]
Suncor will release its second quarter financial results on July 22, 2020 before 8:00 p.m. MT . A webcast to review the second quarter will be held on July 23 at 7:30 a.m. MT . Representing management will be Mark Little, president and chief executive officer and Alister Cowan, chief financial officer. A question and answer period with analysts [...]
LanzaTech, a leading biotech company and carbon recycler, has successfully launched LanzaJet, Inc., a new company that will produce sustainable aviation fuel for a sector requiring climate friendly fuel options as it starts to recover from the impacts of COVID-19. With its approach to commercialization of SAF, LanzaJet is creating regional jobs [...]
In the news release, S&P Dow Jones Indices Announces Change to the S&P/TSX Canadian Dividend Aristocrats Index, issued 22-May-2020 by S&P Dow Jones Indices LLC. over CNW, we are advised by the company that the first table was missing a row, and should have "DELETED | AD | Alaris Royalty Corp." as the first row, rather than what was originally [...]
S&P Dow Jones Indices announces the following index change to the S&P/TSX Canadian Dividend Aristocrats Index as a result of the monthly dividend review. Change will be effective prior to the open of trading on Monday, June 1, 2020. S&P/TSX Canadian Dividend Aristocrats Index – June 1, 2020 Symbol COMPANY DELETED GIL Gildan Activewear Inc DELETED [...]
Suncor announced today that it has priced an offering of US$450 million in aggregate principal amount of senior unsecured notes due on May 15, 2023 and US$550 million in aggregate principal amount of senior unsecured notes due on May 15, 2025 . The 2023 Notes will have a coupon of 2.800% and the 2025 Notes will have a coupon of 3.100%. The offering [...]
Suncor held its Annual General Meeting in Calgary today. A total of approximately 1.16 billion shares were represented in person or by proxy. Shareholders voted as follows on the matters before the meeting: 1. Shareholders elected the following ten board members , with shares represented at the meeting voting in favour of individual directors as follows: Patricia M. Bedient 99.85% Mel E. Benson 98.26% John D. Gass 99.35% Dennis M. Houston 99.47% Mark S. Little 98.97% Brian P. MacDonald 99.86% Maureen McCaw 97.09% Lorraine Mitchelmore 99.86% Eira M. Thomas 98.11% Michael M. Wilson 99.57% 2. Shareholders appointed KPMG LLP as Suncor’s auditors. 3. Management’s approach to executive compensation disclosed in Suncor’s management proxy circular dated February 26, 2020 ... [...]
The convergence of two global events has created a turbulent market situation. The COVID-19 pandemic and the associated rapid demand reduction and the crude oil supply shock as a result of the OPEC+ production decisions are expected to keep crude oil prices lower for at least the next 12-24 months. The fundamentals necessary for a recovery include [...]
