Suncor has ‘more room to run,’ analyst says after Q3 earnings beat

Dan Fong, head of research of Industrials & Energy Veritas Investment Research Corporation, talks about his perspective on the Canadian oil and gas sector.

“Fast forward to third quarter earnings, they blew expectations right out of the water, almost on every single measure they excelled, and we’re becoming increasingly confident that there’s more room to run here.”it earned $2.02 billion in its third fiscal quarter Fong said the results reflected strength across a number of smaller projects and initiatives the company has laid out in order to grow margins and keep costs low.

Fong said Suncor’s focus on worker safety, though often overlooked as an indicator of financial success, has put the company in position to get the most out of their many assets.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Suncor Energy earnings rise to $2.02 billion in third quarterCALGARY — Suncor Energy Inc. says it earned $2.02 billion in its third quarter, up from $1.54 billion a year earlier. The Calgary-based oil giant says its earnings work out to $1.59 per common share, up from $1.19 during the same quarter last year.
Source: SooToday - 🏆 8. / 85 Read more »

Strong Suncor earnings a sign energy sector has turned a corner: portfolio managerA strong earnings report from Suncor Energy Inc. this morning is a sign that the outlook for Canada’s energy sector has turned a corner and is in an upturn, according to one portfolio manager.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Suncor Energy earnings rise to $2B in 3rd quarterSuncor says its upstream production for the quarter totalled approximately 828,600 barrels of oil equivalent per day.
Source: GlobalCalgary - 🏆 50. / 61 Read more »