Costs and production by segmentmI noticed an earlier post referring to Suncor break even costs being US$35 per barrel and the need for oil to remain above US$45 for awhile in order for the price of SU shares to increase.
Suncor provided the following segmented guidance numbers on Feb 3, 2021 which can be seen here: file:///C:/Users/Rob/AppData/Local/Temp/2021-02-corporate-guidance-en.pdf
Oil Sands Foothills Syncrude
Production (bbl/day) 410,000 - 445,000 65,000 - 80,000 170,000 - 185,000
Cost (Cdn$/bbl) $26.00 - $28.50 $25.00 - $29.00 $32.00 - $35.00
The assumptions that SU has used in its guidance for the year are based upon a WCS price of US$39 (currently trading at US$46.84) and Natural Gas - AECO of Cdn$2.50 (currently trading at US$6.00 which has jumped up with the cold weather snap but was trading at $3.60 a week ago)
Two take-aways:
1) SU management presented very bullish numbers for 2012 in their recent Q4 Results and Management Discussion call based upon the above numbers. If oil and gas prices remain at current levels for the year (even if Nat Gas drops back down the US$3.50), SU will blow the doors off of their guidance.
2) Don't believe anything you read...especially on SH. Perform your own due diligence.