07:46:43 EDT Tue 22 Oct 2024
Enter Symbol
or Name
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CA



Suncor Energy Inc
Symbol SU
Shares Issued 1,270,473,104
Close 2024-09-13 C$ 49.53
Market Cap C$ 62,926,532,841
Recent Sedar Documents

Globe says Suncor Energy maintained at "outperform"

2024-09-13 08:16 ET - In the News

The Globe and Mail reports in its Friday, Sept. 13, edition that RBC Dominion Securities analyst Greg Pardy has an unchanged "outperform" recommendation on Suncor Energy. The Globe's David Leeder writes in the Eye On Equities column Mr. Pardy continues to target the shares at $67. Analysts on average target the shares at $61.27. Mr. Pardy believes Suncor's turnaround is "in full stride," and, as a result, is "well positioned to demonstrate ongoing operating/financial momentum." Meantime, Mr. Pardy reaffirmed that Suncor is still on RBC's "Global Energy Best Ideas" list. Mr. Pardy says in a note: "Suncor remains highly committed to delivering superior performance with a renewed focus on the fundamentals of safety, operational integrity, reliability and profitability. The company has clarified and simplified its corporate objectives across its personnel of some 15,300 people. After his arrival in 2023, CEO Rich Kruger wasted no time in reshaping the company's executive leadership and reducing its headcount by about 1,800 above-field personnel (22 per cent). This action yielded the company about $450-million of annual savings, enhanced its efficiency/execution and was completed ahead of schedule in November, 2023."

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