“Going full gas—a phrase which describes a cyclist going all out when riding—captures our impression of Suncor’s recent update,” he said. “We like what we heard and would emphasize that Suncor’s impressive operating performance over the past year gives its game plan credibility.”
“Notably, Suncor has no significant capital investment aimed at Base Mine replacement over the next five years, but will continue to assess various bitumen supply options in the meantime.” Alongside the changes to Defense, CAE reported preliminary fourth-quarter 2024 results that fell short of Mr. Lee’s expectations. Consolidated revenue fell 6 per cent year-over-year to $1.126-billion, below his $1.351-billion estimate. Adjusted segment operating income slid 35 per cent to $125.7-million, also missed the analyst’s $225.7-million projection.
“We consider FR segment results to be more meaningful than total company results for the purposes of evaluating recurring earnings power ,” he said. “For reference, we model FR EPS of $0.59, lower by 9.5 per cent year-over-year. “Also, our analysis of peer commentary indicates that consumer trends remain largely consistent with prior quarters. Specifically, we note: A continued focus on value ; and A normalization of inflation.”
“In addition to the mining law reform, Mexico’s incumbent president, Andrés Manuel López Obrador also proposed a constitutional amendment that, if passed, would effectively ban open-pit mining in the country. The double whammy combining the reform and the proposed open-pit ban created a climate of uncertainty for mining companies operating in Mexico.
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