Suncor on track to become one of North America’s lowest-cost oil producers: analyst
https://www.bnnbloomberg.ca/business/2026/05/06/suncor-on-track-to-become-one-of-north-americas-lowest-cost-oil-producers-analyst/
Posted by joe4942
Suncor on track to become one of North America’s lowest-cost oil producers: analyst
https://www.bnnbloomberg.ca/business/2026/05/06/suncor-on-track-to-become-one-of-north-americas-lowest-cost-oil-producers-analyst/
Posted by joe4942
3 Comments
How are they able to reduce their costs when everyone else’s is up?
$42 WTI breakeven covering dividends is solid. I like the reliability gains in fixed-cost ops, that’s where real value comes from. Downstream margin boost is cyclical though. How does this compare to Canadian Natural?
Yesterday ER : +24% on top of revenues estimates, with only an average for Q1 of $72 WTI. EPS ”miss” of 0.1 due to non-cash items, in reality beat by approx. +30%. Pace to $4B annual shares buybacks. The list goes on, this was a stellar quarter.
Q2 should be even better even with the Q2/Q3 maintenance priced in, my fair value sits between $75-80 for an average of 80$ WTI and $95-100 with for an average of $100 WTI in next quarter.
But all oil comp are just beta to Brent price currently so it dumps 7.5% today