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Suncor Energy Incorporated


News and Blogs

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industrialinfo.com - Suncor Energy Revives $113 Million Expansion Plan for Ontario Bioethanol

www.industrialinfo.com

3 million expansion of the St. Clair bioethanol production facility at Sarnia in Ontario. The company put the expansion plan on hold in January.

http://www.industrialinfo.com/showAbstract.jsp?newsitemID=150997

Suncor Energy proceeds with expansion plans - Ethanol Producer Magazine

www.ethanolproducer.com | Oct 6, 2009

Report posted Oct. 9, 2009, at 1:04 p.m. CST Suncor Energy Inc. announced it is resuming the expansion of its St. Clair Ethanol Plant near Sarnia, Ontario. The project will double the plant s capacity from 200 million liters per year (53 MMgy) to 400 million liters per year (106 MMgy).

http://www.ethanolproducer.com/article.jsp?article_id=6060

 

Suncor Energy Declares Dividend - Zibb.com

(All financial figures are in Canadian dollars.)

Suncor Energy Inc.'s Board of Directors has approved a quarterly dividend of $0.10 per share on its common shares, payable December 23, 2009, to shareholders of record at the close of business on December 2, 2009.

Suncor Energy Inc. is Canada's premier integrated energy company. Suncor's operations include oil sands development and upgrading, conventional and offshore oil and gas production, petroleum refining, and product marketing under the Petro-Canada brand - a proud National Partner to the Vancouver 2010 Olympic and Paralympic Winter Games. While working to responsibly develop petroleum resources, Suncor is also developing a growing renewable energy portfolio. Suncor's common shares (symbol: SU) are listed on the Toronto and New York stock exchanges.

Contacts:
Suncor Energy Inc.
Investor inquiries:
Helen Chan
(403) 693-2048

Suncor Energy Inc.
Media inquiries:
Dany Laferriere
(403) 269-8760
www.suncor.com


SOURCE: Suncor Energy Inc.

http://www.suncor.com

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Tags: business   canada   dividend   energy   gasoline   media   new_york   oil   olympics   paralympics   petroleum   renewable energy  

Companies: Suncor Energy, Inc. (SU), Suncor Energy, Inc. (SU)

 

Suncor Energy appoints new board members - Zibb.com

Canadian integrated energy company Suncor Energy has appointed Dominic D'Alessandro and Jacques Lamarre to its board of directors.

Mr D'Alessandro retired as president and CEO of Manulife Financial earlier in 2009, a position he held from 1994 to 2009. Prior to his appointment as CEO of Manulife, Mr D'Alessandro held various executive positions with financial institutions, an international engineering firm and a public practice accounting firm.

Mr Lamarre was president and CEO of engineering and construction firm SNC Lavalin from 1996 to early 2009. Prior to his appointment as CEO of SNC Lavalin, Mr Lamarre held a number of engineering and executive positions with the firm and its predecessor since 1967.

John Ferguson, chairman of Suncor Energy, said: "These very accomplished Canadians bring to Suncor's board a tremendous depth and breadth of experience as leaders in business and in the community. I believe they will further strengthen our board as independent stewards of shareholder interests."

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Tags: accounting   appointment   business   canada   ceo   construction   energy   engineering   executive   president  

Companies: Manulife Financial Corp. (MFC)

 

Suncor Energy Board Approves 2010 Capital Spending Plan - Zibb.com

Suncor Energy Inc. announced today that its Board of Directors has approved the company's $5.5 billion capital spending plans for 2010. Approximately $1.5 billion will be directed toward growth project funding, primarily at the company's oil sands operations, while $4 billion in spending is targeted to sustaining existing operations.

"While we've seen some improvement in crude oil prices and the overall economy, we believe that a conservative capital strategy remains the best approach for Suncor," said Rick George, president and chief executive officer. "We're looking at a level of capital investment that is supportable entirely from free cash flow at mid-cycle crude oil prices."

The majority of growth spending will be directed toward the Firebag Stage 3 in-situ oil sands expansion, which was approximately 50 per cent complete before being deferred in early 2009. Suncor now expects the project to begin production in the second quarter of 2011, with volumes then beginning to ramp up toward design capacity of approximately 68,000 barrels per day (bpd) of bitumen. Spending will also be directed to Firebag Stage 4 to support a target of first bitumen production in the fourth quarter of 2012. Stage 4 also has a design capacity of 68,000 bpd.

"We've said that sequencing of our growth projects would be based on highest expected return on capital, near-term cash flow and lowest risk," said George. "Expansion work at Firebag clearly fits all the criteria to be first out of the gate."

Growth capital will also be directed toward completing the Millennium Naphtha Unit, which is planned to add value to Suncor's product slate, and to expansion of Suncor's St. Clair Ethanol Plant. International and East Coast Canada growth capital plans include commitments in Libya and investments planned to bring the Ebla gas field in Syria into production in the second quarter of 2010.

Sustaining capital in the upstream portion of the business for 2010 includes investments in Suncor's planned Tailings Reduction Operations and maintenance plans at Oil Sands, Natural Gas and International and Offshore facilities. In downstream operations, spending is primarily focused on investments to improve environmental performance and planned maintenance work.

"Suncor's overall spending profile is consistent with the key priorities we've outlined: staged capital growth, cost reduction and continuous improvement of environmental performance," said George.

Capital plans and sequencing for other projects in Suncor's growth portfolio are under evaluation with a further update expected in the fourth quarter of 2010.

Capital spending plans ($millions)

Growth Capital
----------------------------------------------------------------------------
Firebag stage 3                                                         900
Firebag stage 4                                                          50
Millennium Naphtha Unit                                                 100
International & East Coast Canada                                       390
Other                                                                    60
Subtotal                                                              1,500
Sustaining Capital
----------------------------------------------------------------------------
Oil sands base - maintenance                                            750
In situ - maintenance                                                   400
Syncrude - maintenance                                                  200
Upgrader 2 turnaround                                                   360
Tailings Reduction Operations                                           450
International & East Coast Canada                                       750
Natural Gas                                                             250
Refining and Marketing                                                  670
Other                                                                   170
Subtotal                                                              4,000

Suncor's 2010 and ongoing spending plans reflect expected synergies resulting from its merger with Petro-Canada in August. Operating synergies, which had been initially projected at $300 million per year are now expected to exceed that target. Approximately $400 million in annualized synergies related to work force rationalization, product marketing, and supply chain optimization have been identified and are expected to be realized by the end of 2009. Suncor expects that further operating synergies will be identified as integration work continues in 2010.

This news release contains certain forward-looking statements, including statements about Suncor's growth strategy, capital expenditures and expected future production, operating and financial results that are based on Suncor's current expectations, estimates, projections and assumptions, as well as its current budgets and plans for capital expenditures. Estimating and budgeting for major capital projects is a process that involves uncertainties and that evolves in stages, each with progressively more refined data and a correspondingly narrower range of uncertainty. Some of the forward-looking statements may be identified by words such as "targets", "estimates", "plans", "strategy" and "expects" and similar expressions. These statements are not guarantees of future performance and involve a number of risks and uncertainties, some that are similar to other oil and gas companies and some that are unique to Suncor.

Although Suncor believes that the expectations represented by such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. Readers are cautioned that actual results could differ materially from those expressed or implied as a result of changes to Suncor's plans and the impact of events, risks and uncertainties discussed in Suncor's and Petro-Canada's 2008 annual information form/form 40-F, annual and quarterly reports to shareholders and other documents filed with Canadian securities commissions at www.sedar.com and the United States Securities and Exchange Commission (SEC) at www.sec.gov.

Suncor Energy Inc. is Canada's premier integrated energy company. Suncor's operations include oil sands development and upgrading, conventional and offshore oil and gas production, petroleum refining, and product marketing under the Petro-Canada brand - a proud National Partner to the Vancouver 2010 Olympic and Paralympic Winter Games. While working to responsibly develop petroleum resources, Suncor is also developing a growing renewable energy portfolio. Suncor's common shares (symbol: SU) are listed on the Toronto and New York stock exchanges.

Contacts:
Suncor Energy Inc.
Investor inquiries:
Helen Chan
(403) 693-2048

Suncor Energy Inc.
Media inquiries:
Dany Laferriere
(403) 269-8760
www.suncor.com


SOURCE: Suncor Energy Inc.

http://www.suncor.com

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Tags: canada   ceo   crude oil   economy   energy   ethanol   expansion   financial results   gasoline   libya   marketing   media   merger   millennium   natural gas   new_york   oil   oil and gas   olympics   paralympics   petroleum   plant   president   prices   renewable energy   sec   securities   syria  

Companies: Suncor Energy, Inc. (SU), Suncor Energy, Inc. (SU)

 

PicksThatMove: www.PicksThatMove.com: "Picks that move" Alerts, November 13, 2009: SWI, SU, TM,

Picksthatmove.com Alerts include SolarWinds, Inc. (NYSE: SWI); Suncor Energy Inc. (NYSE: SU); Toyota Motor Corporation (NYSE: TM); Suntech Power Holdings Co., Ltd. (NYSE: STP); Syngenta (NYSE: SYT) and Knight Transportation, Inc. (NYSE: KNX)

-- November 13, 2009 SolarWinds, Inc. (NYSE: SWI) at $19.78 on a volume of 5.50M shares

In a press release on November 13, SolarWinds, Inc. Announces Pricing of Its Secondary Public Offering

AUSTIN, TX, Nov 13, 2009 SolarWinds, Inc. (NYSE: SWI) today announced the pricing of 12 million shares of its common stock at $18.75 per share in a secondary public offering, all of which are being offered by certain selling stockholders. In addition, the underwriters have a 30-day option to purchase up to 1.8 million additional shares of common stock from certain selling stockholders.

About SolarWinds

SolarWinds provides powerful, simple and affordable network management software to more than 88,000 customers worldwide -- from Fortune 500 enterprises to small businesses. Focused on the real-world needs of network professionals, SolarWinds products are downloadable, easy to use and maintain, and provide the power, scale, and flexibility needed to manage today's complex network environments. SolarWinds' growing online community, thwack, offers users problem-solving and technology-sharing for all of SolarWinds' products.

-- November 13, 2009 Suncor Energy Inc. (NYSE: SU) trading at $35.36 on a volume of 4.28M shares.

In a press release out on November 13, Suncor Energy Board Approves 2010 Capital Spending Plan

(All financial figures are approximate and in Canadian dollars unless otherwise noted.)

CALGARY, ALBERTA, Nov 13, 2009 Suncor Energy Inc. (NYSE: SU) announced today that its Board of Directors has approved the company's $5.5 billion capital spending plans for 2010. Approximately $1.5 billion will be directed toward growth project funding, primarily at the company's oil sands operations, while $4 billion in spending is targeted to sustaining existing operations.

About Suncor Energy

Suncor Energy Inc. is Canada's premier integrated energy company. Suncor's operations include oil sands development and upgrading, conventional and offshore oil and gas production, petroleum refining, and product marketing under the Petro-Canada brand - a proud National Partner to the Vancouver 2010 Olympic and Paralympic Winter Games. While working to responsibly develop petroleum resources, Suncor is also developing a growing renewable energy portfolio. Suncor's common shares (symbol: SU) are listed on the Toronto and New York stock exchanges.

-- November 13, 2009 Toyota Motor Corporation (NYSE: TM) trading at $78.57 on a volume of 141,049 shares.

In a press release out on November 13, Toyota to Exhibit 45 Vehicles at Auto Guangzhou 2009

Tokyo, Nov 13, 2009 TOYOTA MOTOR CORPORATION (TMC) announces it will display 45 concept and production vehicles, in separate Toyota and Lexus brand booths, at the 7th China (Guangzhou) International Automobile Exhibition (also known as Auto Guangzhou 2009), to be held at the Guangzhou International Convention and Exhibition Center from November 23 to 30. The theme for the two booths is "The Environment, Safety, and the Future".

The Lexus "GX460", a midsize SUV, will make its world premiere at a press briefing scheduled for November 23. Also on display for Lexus will be the "ES240" and other models. The Toyota display will include the new "Crown", which will go into production and go on sale in China in December this year, the third-generation "Prius" and the "Camry Hybrid".

About Toyota

Supported by people around the world, Toyota Motor Corporation (TSE: 7203; NYSE: TM), has endeavored since its establishment in 1937 to serve society by creating better products. Today, the Company manufactures vehicles and parts at 53 production sites in 27 countries and regions around the globe and is an active member in the communities it serves. In fiscal 2009, ended March 31, 2009, the Toyota Group sold approximately 7.56 million vehicles in 170 countries and regions under the Toyota, Lexus, Daihatsu, and Hino brands. For more information, please visit www.toyota.co.jp/en/index.html.

-- November 13, 2009 Suntech Power Holdings Co., Ltd. (NYSE: STP) last at $13.71 a volume of 3.56M shares

In a press release out on November 13, Suntech to Develop 20% of Approved Systems for China's Solar Rooftop Program

WUXI, China, Nov 13, 2009 Suntech Power Holdings Co., Ltd. (NYSE: STP), the world's leading manufacturer of crystalline silicon photovoltaic (PV) modules, today announced that it expects to develop approximately 20% of the 91MW of solar projects that were approved under China's Solar Rooftop Program.

China's Solar Rooftop Program, which was launched in March this year by the Ministry of Finance, is designed to increase the energy efficiency of buildings through the installation of building-attached and building- integrated PV solar systems. The first set of applications was submitted in April, and recently 111 solar projects totaling 91MW across China were approved to receive funds through the program. The system owners are expected to receive a 13-17RMB per watt rebate for all projects approved through the program. Suntech targets to develop approximately 20% of the successful applications and will also participate as the system owner or partial investor in some projects. Suntech has completed 4MW of its approved projects and plans to develop the remainder by mid-2010. Specific project agreements will be signed prior to implementation.

About Suntech

Suntech Power Holdings Co., Ltd. (NYSE: STP) is the world's leading solar energy company as measured by production output of crystalline silicon solar modules. Suntech designs, develops, manufactures, and markets premium quality, high-output, cost-effective and environmentally friendly solar products for electric power applications in the residential, commercial, industrial, and public utility sectors. Suntech offers an extensive range of customer-centric innovations, including Suntech's patent-pending Pluto technology for crystalline silicon solar cells, which improves power output by up to 12% compared to conventional production methods, the Reliathon(TM), the industry's first fully integrated utility-scale solar platform, and its broad range of building-integrated solar products.

-- November 13, 2009 Syngenta (NYSE: SYT) last at $51.09 on a volume of 79,042 shares

In a press release out on November 13, Syngenta Receives Approval for New Corn Technologies in Brazil

BASEL, Switzerland, Nov 13, 2009 MIR162 corn and Bt11xGA21 stacked corn receive approvals; Brazilian growers to gain increased competitiveness and productivity; Further strengthens Syngenta portfolio in Brazilian market

Syngenta announced today that its genetically modified corn traits MIR162 and Bt11xGA21 are now fully approved for cultivation in Brazil. This follows the approval by the National Biosafety Committee and the thirty day clearance period. The approval of these advanced technologies will offer Brazilian growers increased productivity, higher grain quality and reduced production costs.

About Syngenta

Syngenta (NYSE: SYT) is one of the world's leading companies with more than 24,000 employees in over 90 countries dedicated to our purpose: Bringing plant potential to life. Through world-class science, global reach and commitment to our customers we help to increase crop productivity, protect the environment and improve health and quality of life. For more information about us please go to www.syngenta.com or www.growmorefromless.com.

-- November 13, 2009 Knight Transportation, Inc. (NYSE: KNX) trading at $16.82 on a volume of 168,432 shares

In a press release out on November 13, Knight Transportation Announces Quarterly Cash Dividend

PHOENIX, Nov 13, 2009 Knight Transportation, Inc. (NYSE: KNX) announced today that its Board of Directors has declared the company's quarterly cash dividend of $0.05 per share of common stock. This quarterly dividend is pursuant to a cash dividend policy approved by the Board of Directors. The actual declaration of future cash dividends, and the establishment of record and payment dates, is subject to final determination by the Board of Directors each quarter after its review of the company's financial performance.

About Knight Transportation, Inc.

Knight Transportation, Inc. is a truckload carrier offering dry van, refrigerated, intermodal and brokerage services to customers through a network of service centers and branches located throughout the United States serving North America. As "Your Hometown National Carrier," Knight strives to offer customers and drivers personal service and attention through each service center, while offering integrated freight transportation nationwide and beyond through the scale of one of North America's largest trucking companies. The principal types of freight we transport include consumer staples, retail, paper products, packaging/plastics, manufacturing, and import/export commodities.

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Companies: Knight Transportation, Inc. (KNX), SolarWinds Inc (SWI), Suncor Energy, Inc. (SU), Suntech Power Holdings Co Ltd (STP), Syngenta AG (SYT), Toyota Motor Corp. (TM)

 

Web Sites

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Suncor.com ::

Go to Suncor home page Suncor logo fade Keyword Search Keyword Search Help me find Careers Stock Information Publications Oil Sands Climate Change Suncor main picture Suncor main message www.sunoco.ca E-news Site Map Contacts Contacts CAPP Candas oil sands Canada's oil sands, a different

http://www.suncor.com/

Sunoco Incorporated Company Details from the Paper Industry

www.zibb.com

Sunoco is a trademark owned by Suncor Energy Inc. Suncor Energy Inc. is the parent company of Suncor Energy Products Inc. who market under the Sunoco brand in Eastern Canada. http://www.sunoco.com/

http://www.zibb.com/paper/theme/cq/Sunoco+Incorporated

Sunoco.com Routing Page

Sunoco is a trademark owned by Suncor Energy Inc. Suncor Energy Inc. is the parent company of Suncor Energy Products Inc. who market under the Sunoco brand in Eastern Canada.

http://www.sunoco.com/

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Suncor Energy Incorporated (SU) Company Profile - CorporateInformation ...

www.corporateinformation.com

Suncor Energy Incorporated. The Group's principal activities are to acquire, explore, produce and market crude oil and natural gas including transport and refine crude oil and ...

http://www.corporateinformation.com/Company-Snapshot.aspx?cusip=C124AA630

Industrial Info - Financial Information

financialmarkets.industrialinfo.com

Companies featured in this segment: Suncor Energy Incorporated (NYSE:SU), Jacobs Engineering Group Incorporated (NYSE:JEC), Alexandria Real Estate Equities Incorporated (NYSE:ARE ...

http://financialmarkets.industrialinfo.com/industrialinfo?Ticker=SU&Page=QUOTE

SU - Suncor Energy Incorporated | SU Stock Quotes | TheStreet.com

www.thestreet.com

Get the latest SU - Suncor Energy Incorporated stock market performance data. TheStreet is the source for financial market news, trading stock, quotes, and personal finance advice.

http://www.thestreet.com/quote/SU.html