(All financial figures are approximate and in Canadian dollars unless otherwise noted) CALGARY, ALBERTA--(Marketwired - Nov 17, 2015) - Suncor Energy released its 2016 corporate guidance today, which includes a flexible capital spending program of between $6.7 billion and $7.3 billion and average production of 525,000 to 565,000 barrels of oil equivalent per day. The guidance includes projected Suncor oil sands cash [...]
Suncor Energy's Board of Directors has approved a quarterly dividend of $0.29 per share on its common shares, payable December 24, 2015 to shareholders of record at the close of business on December 2, 2015. Suncor Energy is Canada's leading integrated energy company. Suncor's operations include oil sands development and upgrading, conventional and offshore oil and gas production, petroleum refining, and product marketing [...]
Suncor to file updated Offer disclosure in Notice of Variation and Change (All dollar amounts referenced are in Canadian dollars) CALGARY, ALBERTA--(Marketwired - Nov 12, 2015) - Suncor today announced that it is sending a letter to shareholders of Canadian Oil Sands Ltd. ("COS"). The letter explains why COS shareholders should disregard a recommendation from the Board of COS opposing Suncor's full and fair $4.7 billion [...]
CALGARY, ALBERTA--(Marketwired - Nov 9, 2015) - Suncor Energy today announced that it has successfully closed the previously announced purchase of an additional 10 per cent working interest in the Fort Hills oil sands project from Total E&P Canada Ltd. The acquisition of the additional working interest presents an opportunity for Suncor to lower its capital cost per barrel and enhance its projected return on the Fort [...]
(All dollar amounts referenced are in Canadian dollars) CALGARY, ALBERTA--(Marketwired - Nov 5, 2015) - Suncor Energy Inc. ("Suncor") has been informed that the Alberta Securities Commission ("ASC") will hold a hearing on November 26, 2015. The purpose of the hearing is to consider the new shareholder rights plan adopted by the Canadian Oil Sands Ltd. ("COS" TSX Symbol "COS") board of directors on October 6, 2015 in [...]
CALGARY, ALBERTA--(Marketwired - Oct 28, 2015) - Unless otherwise noted, all financial figures are unaudited, presented in Canadian dollars (Cdn$), and have been prepared in accordance with International Financial Reporting Standards (IFRS), specifically International Accounting Standard (IAS) 34 Interim Financial Reporting as issued by the International Accounting Standards Board. Production volumes are presented on a [...]
CALGARY, ALBERTA--(Marketwired - Oct 22, 2015) - Suncor Energy will release its third quarter financial results on Wednesday, October 28, 2015 before 8:00 p.m. MT (10:00 p.m. ET). A teleconference to review the third quarter will be held on Thursday, October 29 at 7:30 a.m. MT (9:30 a.m. ET). Representing management will be Steve Williams, president and chief executive officer and Alister Cowan, executive vice president [...]
(All dollar amounts referenced are in Canadian dollars unless otherwise specified) CALGARY, ALBERTA--(Marketwired - Oct. 19, 2015) - Suncor Energy today commented on the Directors' Circular issued by Canadian Oil Sands Ltd. ("COS" TSX Symbol "COS"), which recommends that COS shareholders not tender to Suncor's $4.3 billion Offer to acquire all of the outstanding shares of COS for a consideration of 0.25 of a Suncor [...]
CALGARY, ALBERTA--(Marketwired - Oct 15, 2015) - Petro-Canada, a Suncor business, today announced the 2015 Fuelling Athletes and Coaching Excellence (FACE) program recipients. The 2015 FACE recipients from across Canada represent both summer and winter sports, and athletes competing in individual or team events. Each athlete and coach pairing receives $10,000. Petro-Canada's annual financial commitment to the program is [...]
(All dollar amounts referenced herein are to Canadian dollars) CALGARY, ALBERTA--(Marketwired - Oct 5, 2015) - Suncor Energy Inc. ("Suncor") today announced that it has formally commenced an unsolicited offer (the "Offer") to Canadian Oil Sands Ltd. ("COS" TSX Symbol "COS") shareholders to acquire all of the outstanding shares of COS for total consideration of approximately $4.3 billion. Under the terms of the Offer [...]
CALGARY, ALBERTA--(Marketwired - Sep 21, 2015) - Suncor Energy today announced that it has agreed to purchase an additional 10 per cent working interest in the Fort Hills oil sands project from Total E&P Canada Ltd., for total aggregate consideration of $310 million at the time of announcement. As a result of this transaction, Suncor's incremental capital increase to Fort Hills is estimated at just over $1 billion of [...]
CALGARY, ALBERTA--(Marketwired - Sep 11, 2015) - Alister Cowan, executive vice president and chief financial officer, Suncor, will participate in a panel discussion at the Peters & Co. Limited 2015 Energy Conference - Addressing the Cost Structure of the Oil Sands, on Tuesday, September 15, 2015 beginning at 8:00 a.m. MT (10:00 a.m. ET). The webcast link will be available via Suncor's website at suncor.com/webcasts, or at [...]