Suncor Energy (SU) Declares $0.29 Quarterly Dividend; 4% Yield
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Suncor Energy (SU) Sees FY17 CapEx Between $4.8B - $5.2B; Offers Production Outlook
November 17, 2016 6:39 AM ESTSuncor released its 2017 corporate guidance today which includes a capital spending program of between $4.8 billion and $5.2 billion and average production of 680,000 to 720,000 barrels of oil equivalent per day (boe/d). The midpoints of these ranges represent a year over year increase to production of more than 13 per cent and a reduction to capital spending of approximately $1 billion even with a full year of increased Syncrude ownership.
The guidance includes a projected Suncor Oil Sands operations cash operating costs per barrel range of $24.00 - $27.00 impacted by approximately $1.00 per barrel year over year as a result of assumed rising natural... More
