Suncor Energy Inc T.SU

Great news on debt reduction...

[Wynjoe]

But not unexpected.This wont be the only positive news release going forward.Covid threat is disappearing daily,and this is the single most important factor in economical stimulus.Suncor makes money with oil in low thirties,were way beyond that.More positives will be forthcoming.STRONG BUY!!!! Tomorrow may very well see upside in s/p!

[Bigbear7405]

Ya they paid off their 9.3 percent notes early. Not to mention getting rid of a 2.8 billion covid credit facility. Financial situation is really improving.

[NPCexe]

They said 2/3 of surplus FCF will go towards debt reduction and 1/3 towards share bb

[PabloLafortune]

If I'm reading the tea leaves correctly, they're basically signalling to the market that they're generating some significant cashflow here in Q1.

[NPCexe]

https://www.globenewswire.com/news-release/2021/03/02/2185781/0/en/Suncor-Energy-announces-significant-progress-on-debt-management-and-reduction-and-the-pricing-of-US-750-million-notes-offering-and-CAD-500-million-medium-term-notes-offering.html

[Chris007]

They are definitely generating decent cash flow here. however, I read this more of a case of the company taking advantage of the ultra low interest rate environment...rolling over high interest rate debt for new debt issued at substantially lower rates: Suncor announces today that it has priced an offering of US$ 750 million in aggregate principal amount of senior unsecured notes due on March

[firstworld]

She. Will they pay back the $1BN + in welfare or book the $100BN tailings pond clean up liability? Way better to invest in Russian energy since they have a market of 3 BN on the doorsteps and can build 1200km of pipeline across a combined 38 national borders in the time it takes Canada to issue preliminary permit for 89) km of pipeline.

[Chris007]

Indeed comrade firstworld, we all should invest in mother russia instead *eye roll* Hope your russian trolls farm handlers give you a nice bonus for all your hard work