The parent company of grocery retailer Sobeys says the profit amounted to 73 cents per diluted share for the 13-week period ended Nov. 2 compared with a profit of $181.1-million or 72 cents per diluted share a year ago when it had more shares outstanding.The increase came as same-store sales rose 1.1 per cent. Same-store sales growth, excluding fuel sales, amounted to 1.8 per cent.
The Financial Times reported on Oct. 14 that private equity firms TPG and Blackstone were working on a joint bid to take the company private for up to US$11.5-billion, including debt. Shares soared after the company said the new corporate structure will “increase optionality to pursue further value creation opportunities for both divisions.” It expects to complete the rollout of the new structure by mid-2025.
Suncor’s operations has steadily improved since former Exxon Mobil executive Rich Kruger took over as CEO in April 2023. Still, U.S. consumption of Canadian oil could take a hit if President-elect Donald Trump imposes a 25-per-cent import tariff. Suncor expects capital expenditure for 2025 to be between $6.1-billion and $6.3-billion, compared to the current year’s $6.3-billion to $6.5-billion forecast.
The Canadian firm forecast downstream throughput for 2025 between 650,000 and 685,000 barrels per day , compared with 630,000 bpd to 670,000 bpd expected this year, with refinery utilization of 90% to 95%. The plan requires, among other conditions, at least two-thirds of O3 Mining’s shares to be tendered to the offer, excluding the shares already owned or controlled by Agnico Eagle.) dropped despite forecasting higher crude production in 2025, as the Canadian energy major expects to ramp up output from existing oil sands assets.
Imperial projected downstream throughput in the range of 405,000 and 415,000 barrels per day with capacity utilization between 94% and 96%. “While the company remains on track with its GenAI product roadmap, we think the lack of ... explicit monetization metrics has made it harder for investors to get comfortable with the progress,” RBC analyst Matthew Swanson said.
Ireland Ireland Latest News, Ireland Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: globeandmail - 🏆 5. / 92 Read more »
Source: globeandmail - 🏆 5. / 92 Read more »
Source: globeandmail - 🏆 5. / 92 Read more »
Source: SooToday - 🏆 8. / 85 Read more »
Source: globeandmail - 🏆 5. / 92 Read more »
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »