SU Jun 2020 25.000 call

OPR - OPR Delayed Price. Currency in USD
4.8500
0.0000 (0.00%)
As of 3:18PM EDT. Market open.
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Previous Close4.8500
Open4.8500
Bid0.0000
Ask0.0000
Strike25.00
Expire Date2020-06-19
Day's Range4.8500 - 4.8500
Contract RangeN/A
Volume1
Open InterestN/A
  • Canada's Largest Cleantech Venture Fund to Drive Growth of Global Clean Technology with Second Closing
    CNW Group

    Canada's Largest Cleantech Venture Fund to Drive Growth of Global Clean Technology with Second Closing

    TORONTO , Sept. 18, 2019 /CNW/ - ArcTern Ventures, a venture capital firm investing globally in breakthrough clean technology companies addressing climate change and sustainability, announced today a second closing of its Fund II. In response to growing institutional investor and family office interest in planet-positive investments, ArcTern increased its second fund size to $200 million from $150 million , with new investors including TD Bank Group, Suncor, BDC, top family offices such as The Ivey Foundation, and another top Canadian pension fund. Together, they have invested approximately $165 million in aggregate capital commitments to-date, indicating surging levels of confidence in current and emerging cleantech innovation.

  • Suncor Energy to Pump C$1.4B Into Two Cogeneration Units
    Zacks

    Suncor Energy to Pump C$1.4B Into Two Cogeneration Units

    Suncor Energy's (SU) C$1.4-billion worth project to be operational in the second half of 2023 will enable it to meet its goal of hiking the free fund flow by C$2 billion.

  • Canada's Suncor to install cogeneration units at oil sands plant for C$1.4 billion
    Reuters

    Canada's Suncor to install cogeneration units at oil sands plant for C$1.4 billion

    Suncor Energy Inc, Canada's second-largest oil sands producer, will invest C$1.4 billion ($1.06 billion) to install two cogeneration units at its Oil Sands Base Plant, reducing greenhouse gas emissions by 25%, the company said on Monday. The natural gas-fueled cogeneration units will replace coke-fired boilers and provide steam generation for Suncor's bitumen extraction and upgrading operations, as well as 800 megawatts of power to be transmitted to Alberta's electricity grid. The Base Plant in northern Alberta is Suncor's largest oil sands project, producing 357,000 barrels per day of synthetic crude from its two upgraders.

  • GlobeNewswire

    Suncor Energy to invest $1.4 billion in low-carbon power cogeneration at its Oil Sands Base Plant

    Suncor today announced it is replacing its coke-fired boilers with two cogeneration units at its Oil Sands Base Plant. The cogeneration units will provide reliable steam generation required for Suncor’s extraction and upgrading operations and generate 800 megawatts (MW) of power. This project will increase demand for clean natural gas from Western Canada.

  • Canada's Suncor sees increased political risk for Keystone XL oil pipeline
    Reuters

    Canada's Suncor sees increased political risk for Keystone XL oil pipeline

    A legal fight between TC, previously known as TransCanada, and environmental activists has delayed the Canada-to-Texas pipeline for a decade. A court in Nebraska last month affirmed an alternative route through the state, raising hopes the project might proceed and provide badly needed transport capacity for Alberta's crude. U.S. President Donald Trump, a supporter of Keystone XL, faces an election in 2020 and candidates for the Democratic nomination are critics of the fossil fuel industry who favor government support for renewable energy and other steps to fight climate change.

  • 7 Deeply Discounted Energy Stocks to Buy
    InvestorPlace

    7 Deeply Discounted Energy Stocks to Buy

    2019 has been a rotten, no-good year for energy stocks. While the stock market as a whole has prospered, energy stocks have missed the boat. The price of crude oil hasn't been particularly favorable and natural gas prices have sunk like a rock. On top of that, investors have been favoring growth while shying away from value stocks. This has left the energy sector orphaned; in fact, energy's share of the S&P 500 has fallen to its lowest level in many years.For investors willing to buy what others are selling, however, energy stocks offer many rewards here. For one, these are the stocks to buy now if you want strong dividend yields. Across the sector, leading energy firms are offering their highest dividend yields in decades. This, while rates on fixed income in general have plummeted. * 7 Best Tech Stocks to Buy Right Now Additionally, expect a wave of M&A to help reignite interest in the energy stocks. For example, Blackstone (NYSE:BX) just announced a takeover for pipeline operator Tallgrass Energy (NYSE:TGE). That led to a 35% surge for TGE stock last Wednesday. And as we'll see, that's not the only dealmaking activity going on in the sector right now. With everyone abandoning energy stocks, this could be the time to take advantage of the general pessimism.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Energy Stocks to Buy: BP (BP)Source: AVM Images / Shutterstock.com Tallgrass wasn't the only company making headlines this week. BP (NYSE:BP) also caused a stir with its announcement that it is selling its Alaskan oil interests to Hilcorp, a privately-owned company. Hilcorp will pay BP $5.6 billion; $4 billion of that goes to BP immediately, and Hilcorp will deliver the rest gradually in coming years.It seems that BP drove a fair bargain. Its Alaskan properties produce roughly 74,000 barrels of oil a day, and have been declining in production in recent years. Figuring an average oil price in the low $50s per barrel, Alaska was generating around $1.4 billion annually for BP in revenues. Thus, it sold a mature oil field for around 4x annual revenues, even given the poor industry sentiment at the moment.Additionally, this sale helps with BP's promised transformation. BP said that it will divest $10 billion in assets as it transitions to more growth and green energy opportunities. With this deal, they have now reached more than half of their overall target.Management is delivering on its corporate strategy. The asset sales also help strengthen the balance sheet. This should give investors more confidence in BP's gigantic 6.71% dividend yield. In a market starved for yield, it's hard to think BP stock will stay unloved for too long. ExxonMobil (XOM)Source: Michael Gordon / Shutterstock.com Speaking of dividend yields, ExxonMobil (NYSE:XOM) is another income champion that the market is paying no respect right now. ExxonMobil has raised its dividend for 36 consecutive years, making it one of the few companies to manage that feat. Incredibly, it was able to keep raising its dividend even through the oil and gasoline price doldrums in the late 1990s. The great financial crisis didn't break its streak either.XOM stock is now offering a 5.1% dividend yield. That's amazing; it's the most that ExxonMobil has offered since 1990. Particularly with interest rates plunging ever lower, XOM stock is a fantastic alternative to bank CDs or government bonds yielding 2% or less.Is the dividend sustainable? Yes. In fact, ExxonMobil still has one of the highest-quality balance sheets in corporate America and is rated a sterling AA+. Even with the slump in oil and natural gas prices, ExxonMobil has still been able to cover its dividend payments out of free cash flow. * The 8 Worst Stocks to Buy Before the Trade Turmoil Cools Off And after years of lying low, XOM is pushing the accelerator. It has plans to double its earnings and cash flow over the next five years or so. While the competition has had to retrench due to the slump in energy, ExxonMobil is ready to pick up the slack. With a huge new oil field coming online soon in Guyana, ExxonMobil is prepared for the next decade and more. Throw in any recovery in oil prices, and XOM stock should soar. Suncor (SU)Source: Shutterstock A lot of investors, Americans in particular, have some faulty perceptions of the Canadian oil sands. Often disparagingly called "tar sands," oil sands -- primarily located in the province of Alberta -- are an emerging power play in global crude oil production. Many years ago, this type of production was extremely expensive and damaging to the environment. Over the years, however, operators have gotten much better on both fronts.Oil sands are now one of the cheapest sources of crude in North America. There's still another issue, however. The oil sands have huge upfront development costs to launch production. That's in stark contrast to, say, fracking another well in the Permian in Texas. Some investors have been put off on oil sands projects because of these capital costs.Here's the thing they're missing: When you drill a new well in the Permian, for example, most of the production comes within the first couple years. By year ten or so of operation, that well will be kicking out only a few barrels of oil a day. Thus, for frackers, it's a constant and expensive treadmill to keep production rolling. With the oil sands, however, once it's built, you can produce for decades at a low cost. Your production doesn't fall off a cliff -- rather you get stable sweet returns for many years.Suncor (NYSE:SU) has become the leader in this space in Canada. It has several other attractive features as well. The most important right now is that it is integrated; it has a ton of gasoline refining capacity as well. This allows Suncor to earn far higher prices for its oil than other Western Canadian operators who are dealing with a glut of oil locally.It's possible that upcoming elections will deliver a more pro-energy government in Canada, making way for more pipelines. Until then, however, Suncor, with its refining and decades of cheap oil reserves, is a standout pick for its refining edge. SU stock currently yields 4.53%, making it one of the better options in the energy stocks space. Canadian Natural Resources (CNQ)Source: Shutterstock Canadian Natural Resources (NYSE:CNQ) is another big player in oil sands, although it has oil operations around the world in addition to its Canadian holdings.The firm just made a huge power play, buying up $2.8 billion of oil sands assets from Devon Energy (NYSE:DVN). This deal appears to have been an absolute steal. Bankers estimated that Devon could fetch up to $5 billion for these assets; Canadian Natural grabbed them for barely half of that. * 7 Stocks to Buy Down 10% in the Past Week Canadian Natural doesn't have the same refining capacity as Suncor, however it has a huge asset base and nice diversity across its operations. At a $27 billion market cap, CNQ stock is also a huge player in Canada. When money comes flowing back into Canadian shares and the energy stocks in particular, CNQ stock should catch a solid bid. In the meantime, it also offers a generous 4.88% dividend yield. Enbridge (ENB)Source: Shutterstock Speaking of unloved Canadian stocks, let's turn our attention to pipeline giant Enbridge (NYSE:ENB). Enbridge is right up there with Kinder Morgan (NYSE:KMI) among the big midstream energy players. Unlike Kinder Morgan, Enbridge is not as popular with American investors; the company doesn't have the same sort of promotional management style you get from Rich Kinder. Nor has Enbridge made a history of big dividend hikes followed by painful dividend cuts.By contrast, Enbridge has built a reputation for stability, and has become a Canadian blue chip stock. ENB stock offers a current dividend yield of more than 6.5%. And unlike so many energy stocks, Enbridge offers a rock-solid yield. Even despite the difficult operating environment, the company is still able to grow its cash flow by around 5% per year, paving the way for more dividend increases in the future.Additionally, with 93% of its customers having investment-grade credit ratings, Enbridge has a quality group of clients using its pipelines and thus is largely insulated from more bankruptcies in the E&P space. Schlumberger (SLB)Source: Shutterstock Benjamin Graham, who is widely considered to be the "father of value investing" recommended an interesting strategy for profits in beaten down sectors. He said investors should look at the industry and find the biggest firm that has a strong balance sheet. That way, you know that your investment will survive the down cycle and perhaps even benefit as smaller competition goes bust. Then, when the cycle turns upward, you'll be poised to capture huge gains.With oil services, Schlumberger (NYSE:SLB) is that company today. Schlumberger has a long and storied history of shareholder value creation. Its stock soared from a split-adjusted $12 in 1995 to as high as $140 in 2014. Since then, with the plunge in oil prices, SLB stock has gotten hammered as well; it's down 75% to around $32 today. * 7 'Strong Buy' Stocks to Beat Volatility However, much of Schlumberger's competition has already gone bankrupt or is on life support at this point. Meanwhile, Schlumberger remains the global leader in its field, continues to generate profits even during these hard times, and offers a 6.3% dividend yield. When oil booms again, Schlumberger could make it all the way back to its old high of $140 per share; even this past October, it traded at $62, making the current $32 price quite a discount. Cullen/Frost Bankers (CFR)Source: Shutterstock You might be asking what a banking stock like Cullen/Frost Bankers (NYSE:CFR) is doing on a list of energy stocks to buy. That's a fair question. Cullen/Frost, however, is no ordinary bank. It's focused on the Texas economy and has substantial direct exposure to energy loans.The San Antonio-based bank, in fact, has all 134 of its branches and more than 1,300 ATMs located within Texas. On every earnings call, management devotes substantial time talking about the health of the Texas economy. Given its reliance on energy companies in Houston and fracking in West Texas, the local economy is heavily levered to oil. As a result, investors absolutely pummeled CFR stock in 2015 and 2016 when oil dropped.CFR stock plummeted from $80 to $45 during that oil crash. Despite that, Cullen/Frost's loan losses barely went up, and the bank came through unscathed. In fact, it has gone through a ton of obstacles without harm; it was the only major Texas bank to survive that state's massive bust in the 1980s oil collapse. On top of that, Cullen/Frost kept raising the dividend even during the financial crisis which took out so many banks. In 2016, after investors gave up on CFR stock, it soared back from $45 to $120 as oil prices normalized.However, with energy in retreat again, CFR has plunged back to $80 a share. At just 12x forward earnings, it is trading well below its normal valuation. The stock is also yielding more than 3.5%. It could come flying back up in a hurry -- as it did in 2017 -- once the tide turns for oil, gas, and the Texas economy.At the time of this writing, Ian Bezek owned shares of BP, CNQ, XOM, SLB, and ENB. You can reach him on Twitter at @irbezek. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Best Tech Stocks to Buy Right Now * 10 Mid-Cap Stocks to Buy * 8 Precious Metals Stocks to Mine For The post 7 Deeply Discounted Energy Stocks to Buy appeared first on InvestorPlace.

  • GlobeNewswire

    Suncor Energy to present at the Barclays CEO Energy-Power Conference 2019

    CALGARY, Alberta, Aug. 29, 2019 -- Mark Little, president and chief executive officer, will present at the Barclays CEO Energy-Power Conference on Wednesday, September 4, 2019.

  • Reuters

    UPDATE 1-Suncor and Shell urge Canadian regulator to review contentious Enbridge pipeline plan

    Two major oil companies have asked Canada's energy regulator to urgently review Enbridge Inc's proposal to switch to fixed contracts on its Mainline pipeline system, arguing the changes would be an abuse of Enbridge's market power. Suncor Energy Inc, Canada's second-largest oil producer, and Shell Canada Ltd, a unit of Royal Dutch Shell PLC wrote to the National Energy Board (NEB) on Friday opposing Enbridge's plans.

  • Suncor and Shell urge Canadian regulator to review contentious Enbridge pipeline plan
    Reuters

    Suncor and Shell urge Canadian regulator to review contentious Enbridge pipeline plan

    Two major oil companies have asked Canada's energy regulator to urgently review Enbridge Inc's proposal to switch to fixed contracts on its Mainline pipeline system, arguing the changes would be an abuse of Enbridge's market power. Suncor Energy Inc, Canada's second-largest oil producer, and Shell Canada Ltd, a unit of Royal Dutch Shell PLC wrote to the National Energy Board (NEB) on Friday opposing Enbridge's plans.

  • Suncor Energy (SU) Down 4.2% Since Last Earnings Report: Can It Rebound?
    Zacks

    Suncor Energy (SU) Down 4.2% Since Last Earnings Report: Can It Rebound?

    Suncor Energy (SU) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

  • Oilprice.com

    Canada’s Oil Crisis Is Far From Over

    The negatives for Canadian oil are multiple: Pipeline bottlenecks, heavier and lower quality oil, mandatory production cuts, high sulfur content, and high-cost and carbon-intensive

  • Will Canada's Extended Oil Cut Plan Boost the Energy Sector?
    Zacks

    Will Canada's Extended Oil Cut Plan Boost the Energy Sector?

    With pipeline crisis in Canada not likely to resolve anytime soon, the oil curtailment program has been extended through 2020-end.

  • Why This Miner Is Excited About Copper
    Motley Fool

    Why This Miner Is Excited About Copper

    Copper prices are down, but Teck is still looking forward to completing a big investment in the space.

  • Slumping Energy Stocks Post Attractive Dividend Yields
    Market Realist

    Slumping Energy Stocks Post Attractive Dividend Yields

    Royal Dutch Shell (RDS.A) stock has slumped 10.8% so far in Q3. Shell’s dividend yield has risen to 6.6%, the highest among its peers.

  • Imperial Oil (IMO) Tops Earnings and Sales Estimates in Q2
    Zacks

    Imperial Oil (IMO) Tops Earnings and Sales Estimates in Q2

    Imperial Oil (IMO) generates cash flow from operating activities of C$1,029 million in second-quarter 2019.

  • Thomson Reuters StreetEvents

    Edited Transcript of SU.TO earnings conference call or presentation 25-Jul-19 1:30pm GMT

    Q2 2019 Suncor Energy Inc Earnings Call

  • Suncor (SU) Lags Q2 Earnings Estimates, Tightens Capex View
    Zacks

    Suncor (SU) Lags Q2 Earnings Estimates, Tightens Capex View

    Suncor (SU) revises full-year capex guidance from C$4.9-C$5.6 billion to C$4.9-C$5.4 billion.

  • Suncor Energy Inc. (SU) Q2 2019 Earnings Call Transcript
    Motley Fool

    Suncor Energy Inc. (SU) Q2 2019 Earnings Call Transcript

    SU earnings call for the period ending June 30, 2019.

  • Canada oil companies hopeful on deal with Alberta government to boost production
    Reuters

    Canada oil companies hopeful on deal with Alberta government to boost production

    Two of Canada's biggest energy producers on Thursday said they were looking to the Alberta government to agree to a deal that would allow companies to boost their oil output in the face of curtailments in Canada's main crude-producing province. Crude production in Alberta has been limited since Jan. 1 2019 when the provincial government imposed curtailments to ease congestion on export pipelines that pushed the discount on Canadian crude to record lows.

  • GlobeNewswire

    Suncor Energy reports second quarter 2019 results

    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 34 Interim Financial Reporting as issued by the International Accounting Standards Board. Certain financial measures referred to in this news release (funds from operations, operating earnings, Oil Sands operations cash operating costs, Fort Hills cash operating costs and Syncrude cash operating costs) are not prescribed by Canadian generally accepted accounting principles (GAAP). References to Oil Sands operations exclude Suncor Energy Inc.’s (Suncor or the company) interests in Fort Hills and Syncrude.

  • GlobeNewswire

    Suncor Energy declares dividend

    All financial figures are in Canadian dollars. CALGARY, Alberta, July 24, 2019 -- Suncor Energy’s Board of Directors has approved a quarterly dividend of $0.42 per share on.

  • GlobeNewswire

    Suncor Energy releases 2019 Report on Sustainability

    Suncor today released its annual Report on Sustainability which details the company’s environmental, social and economic performance. Suncor’s perspective on the challenges and opportunities of climate change, and the transition to a low-carbon economy are contained in its third Climate Risk and Resilience Report available within the Report on Sustainability and as a stand-alone downloadable PDF. The annual Report on Sustainability is available both online and as a downloadable PDF.