Post by
Owlseye1 on Feb 03, 2021 7:21pm
Suncor 4th quarter!!
She a goody! For all the challenges that are going on in the oil world.
Comment by
Bigpond on Feb 03, 2021 7:26pm
Seems like a beat at $0.09 loss. There are so many different versions of analyst targets and I believe the most common one was a loss of 0.11 per unit from Zacks.
Comment by
Chris007 on Feb 03, 2021 7:30pm
I like the prospects going forward.. Definitely not a "good" quarter though 168 million net loss for the qtr. Full year net loss of 4.319 billion Another over 2 billion in impairment charges Even with non-cash charges from impairment, cash flows were definitely not great
Comment by
prophetoffacts on Feb 03, 2021 7:48pm
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Comment by
Chris007 on Feb 03, 2021 8:06pm
Like I said, outlook going forward is very positive. The oil market has seen a drastic improvement since Dec 31, 2020. For Q4, avg. WTI was 42.65, with a 9.30 differential for WCS... WTI is now in the mid 50s (though WCS differentials have widened a bit). Q4 wasn't good, but I don't know if anyone will particularly care at this point, with the way the market conditions are improving
Comment by
OGGambler on Feb 03, 2021 10:31pm
I like the report: first, emphasis on buybacks, (the more the better). 2nd, disposing offshore which is not their core. 3rd, focus on improving every detail of the business.