Suncor Energy Inc. logo SU - Suncor Energy Inc.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 23
HOLD 8
SELL 0
STRONG
SELL
0
| PRICE TARGET: $89.00 DETAILS
HIGH: $106.00
LOW: $72.00
MEDIAN: $89.00
CONSENSUS: $89.00
UPSIDE: 12.92%

Stock News

Suncor to divest non-core offshore assets and increase shareholder returns

Suncor to divest non-core offshore assets and increase shareholder returns

Unless otherwise noted, all financial figures are presented in Canadian dollars (Cdn$). Calgary, Alberta--(Newsfile Corp. - October 4, 2026) - Agreement reached to sell interests in Terra Nova, White Rose, and West White Rose for $1.2 billion cash and an additional contingent payment of up to $350 million Increased share repurchases from $500 million to $750 million per month beginning in October 2026 Investor Day commitments to grow normalized free funds flow by $2 billion and reduce WTI breakeven by US$5/bbl through 2028, remain unchanged Suncor Energy (TSX: SU) (NYSE: SU) announced today that it has entered into a definitive agreement to sell its 48% interest in Terra Nova, 40% interest in White Rose and 38.6% interest in West White Rose offshore assets to Ithaca Energy plc (Ithaca) for $1.2 billion (US$860 million) of upfront cash and an additional contingent payment of up to $350 million (US$250 million), based on future oil prices.

Oct 04, 2026 03:00 PM • newsfilecorp.com
Suncor Energy: A Refining Windfall, Falling Debt, And Aggressive Buybacks

Suncor Energy: A Refining Windfall, Falling Debt, And Aggressive Buybacks

Suncor Energy earns a Buy rating for its integrated oil sands and refining model, robust cash flow, and aggressive shareholder returns. SU's downstream refining strength, especially outside the U.S., positions it to benefit from tight global refining margins and any potential U.S. diesel export restrictions. Q2 2026 saw SU's net earnings triple year-over-year, free fund flow quadruple, and refinery utilization hit 92%, supporting substantial dividends and buybacks.

Sep 29, 2026 12:17 AM • seekingalpha.com

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