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Bullboard - Stock Discussion Forum Suncor Energy Inc T.SU

Alternate Symbol(s):  SU

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... see more

TSX:SU - Post Discussion

Suncor Energy Inc > I think we are getting crushed tomorrow
View:
Post by riddle5 on Oct 28, 2020 11:22pm

I think we are getting crushed tomorrow

According to this report/article on CBC- we missed expectations:

"Suncor Energy Inc. is reporting a third-quarter operating loss of $302 million or 20 cents per share as revenue fell 34 per cent to $6.5 billion due to lower production and oil prices compared with the same period of 2019.

The Calgary-based company earned $1.114 billion or 72 cents per share in the third quarter of 2019 on revenue of $9.9 billion.

Comment by riddle5 on Oct 28, 2020 11:24pm
Comment by Fishermen on Oct 28, 2020 11:27pm
Not pretty in near terms. Covid will crush everything.  Hope we can survive this annoying pandemic.
Comment by MarketMaster202 on Oct 28, 2020 11:31pm
lots of sleepless SU investors tonight. Terrible earnings, that clearly missed expectations. Down 8-9% last two days, let's see what's next...  
Comment by Fishermen on Oct 28, 2020 11:36pm
Sleepless?? Nah, I really only care if we can beat Covid or not.  
Comment by INVESTOR1999 on Oct 29, 2020 12:17am
Of course it missed compared to 2019.  The consensus is that in the current environment with current anaylists EPS every quarter of almost every company (don't look at Fdx. Lol) almost every company has suffered a loss year over year when compared to the same period of the previous year.  Duh.     This stock beat the expectations. The comparison is quarter over quarter ...more  
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