RE:RE:RE:Suncor Energy Declares DividendI can't disagree that there will be a hit on production based on turaround but the weakness of our CDN$ is a plus not a negative to the botom line.
Have a look at the sensitivity report.
While the weakness of our CAD is a negative to LT debt evaluation, it it more than offset by the added $ we get on our sales.
Every .01US$/CDN$ adds about 200 millions to operating profits
So far in Q2 our CDN$ average is $1.3686 VS $1.3489 in Q1.So this will add about
100 million to the bottom line in Q2 if this stay as is
Also, so far my calculations give me in Q2 WTI at an average $113.70 vs $103.77 in Q1
and the spreads are just a tad lower in Q2 vs Q1.
We are seing a very good improvment on the production and safety side.
As a shareholder, i am quite pleased with the results and the future of my company
I too would like to see the debt go down faster but they must be allocating $ in cost reduction
projects that will pay off sooner than later.
Debt is still down.See below
- As at March 31, 2024, Suncor's net debt was $13.485 billion, a decrease of $193 million compared to December 31, 2023, and $2.229 billion compared to March 31, 2023.
How will investors react to those very good results, i don't know but i am staying long.