The Online Investor
SU Buyback image

Suncor Energy Buyback

OLI recorded this information on 12/23/2019

Company: Suncor Energy
Buyback: SU buyback
Share Amount Authorized: 78,549,178
Buyback Details: The decision to increase Suncor's share repurchase program was previously announced on November 13, 2019. Today, Suncor received approval from the Toronto Stock Exchange (TSX) to amend its existing normal course issuer bid (the NCIB) effective as of the close of markets on December 27, 2019 to purchase common shares through the facilities of the TSX, New York Stock Exchange and/or alternative trading platforms. The notice provides that Suncor may increase the maximum number of common shares that may be repurchased in the period beginning May 6, 2019 and ending May 5, 2020 from 50,252,231 shares, or approximately 3% of Suncor's issued and outstanding common shares as at April 30, 2019, to 78,549,178, or 5% of Suncor's issued and outstanding common shares as at April 30, 2019. No other terms of the NCIB have been amended. Between May 6, 2019 and December 20, 2019 and pursuant to the NCIB, Suncor has already repurchased approximately $1.61 billion of common shares on the open market. Pursuant to the NCIB (as amended), Suncor has agreed that it will not purchase more than 78,549,178 common shares, of which 39,840,850 common shares have already been purchased between May 6, 2019 and December 20, 2019.

Suncor Energy is an energy company. Co.'s operations include oil sands development and upgrading, onshore and offshore oil and gas production, petroleum refining, and product marketing under the Petro-Canada brand. Co.'s segments include: oil sands, which develop and produce synthetic crude oil and related products through the recovery and upgrading of bitumen; exploration and production, which include offshore activity, and the exploration and production of crude oil, natural gas, and natural gas liquids; and refining and marketing, which include the refining of crude oil products, and the distribution and marketing of these and other purchased products, as well as a lubricants plant.
Open the SU Page at The Online Investor »

Company Name: 
Suncor Energy Inc
Stock buyback: 
SU buyback
Oil & Gas Refining & Marketing
Number of ETFs Holding SU: 
Total Market Value Held by ETFs: 
Total Market Capitalization: 
% of Market Cap. Held by ETFs: 

Open the SU Page at The Online Investor (in a new window) »

Quotes delayed 20 minutes

Buy (3.17 out of 4)
39th percentile
(ranked lower than approx. 61% of all stocks covered)

Analysts' Target Price:
SU Stock Forecast

Based on Zacks ABR data;
powered by Xignite

SU Buyback Page |

Copyright © 1998 - 2021, All Rights Reserved
Nothing in The Online Investor is intended to be investment advice, nor does it represent the opinion of, counsel from, or recommendations by BNK Invest Inc. or any of its affiliates, subsidiaries or partners. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. By visiting, using or viewing this site, you agree to the following Full Disclaimer & Terms of Use and Privacy Policy. Video widget and stock market videos powered by Market News Video. Quote data delayed at least 20 minutes; data powered by Ticker Technologies, and Mergent. Contact The Online Investor; Meet Our Editorial Staff.