Suncor Quarterly Results Seen Reinforcing Bullish Outlook -- Market Talk

Dow Jones

2025/02/06

0840 ET - Suncor Energy logged a strong 4Q performance that caps off an exceptional year and reinforces a bullish medium- to longer-term outlook, RBC Capital Markets' Greg Pardy says. Adjusted funds from operations per share came in 6% higher that the analyst expected and the consensus forecast, while total production was in line. Suncor affirmed 2025 guidance that points to production of 810,000-840,000 bbl/day. RBC has an outperform call and C$65 target on the shares, which last closed at C$55.44. (robb.stewart@wsj.com)

(END) Dow Jones Newswires

February 06, 2025 08:40 ET (13:40 GMT)

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Adjusted funds from operations per share came in 6% higher that the analyst expected and the consensus forecast, while total production was in line. Suncor affirmed 2025 guidance that points to production of 810,000-840,000 bbl/day. RBC has an outperform call and C$65 target on the shares, which last closed at C$55.44. 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