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Suncor Energy Inc. T.SU

Alternate Symbol(s):  SU

Energy Oil & Gas Integrated
Suncor Energy Inc. is a Canada-based integrated energy company. The Company's segments include Oil Sands, Exploration and Production (E&P), and Refining and Marketing. Its operations include oil sands development, production and upgrading, offshore oil and gas production, petroleum refining in Canada and the United States and its Petro-Canada retail and wholesale distribution networks, including Canada’s Electric Highway, a coast-to-coast network of fast-charging electric vehicles (EV) stations. Petro-Canada has a network of over 1,800 retail and wholesale locations across Canada, providing customers with a wide variety of fuel and service offerings including low-carbon fuel options. It is developing petroleum resources while advancing the transition to a low-emissions future through investment in power and renewable fuels. It also wholly owns the Fort Hills Project, which is located in Alberta's Athabasca region, approximately 90 kilometers north of Fort McMurray.


TSX:SU - Post by User

Suncor Energy Inc.
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Post by Clemxb7on Oct 17, 2022 8:47pm
396 Views
Post# 35030406

Suncor 3rd Q EPS = ~$2.50 TTM = ~$8.07 PE = 5.3

Suncor 3rd Q EPS = ~$2.50 TTM = ~$8.07 PE = 5.3According to Ycharts the average price of WTI Oil Q3 = $96.42, Q2 = $110.00 and Q1 = $96.62.

If you assume Suncor is an oil producer only then Q3 should = Q1. However earnings will be significantly higher Q3/Q1 because of 3 things;
  1. Canadian Dollar depreciation means higher realized prices in CAD $
  2. Less shares out 
  3. Way higher crack spreads and high run rates due to no scheduled maintenance.
IMO Its doubtful refining margins completely make up for the lower oil revenuesQ3/Q2 though they will make up most of the shortfall. Cracks were at record highs.

The current estimate of $2.22 / share is low IMO because of the 3 reasons above. 

Barring some unknown negative surprise Suncor will make around $2.50 Q3 EPS. Thats my guess. Last quarter my guess was almost bang on so now lets see. 

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