0840 ET - Suncor Energy logged a strong 4Q performance that caps off an exceptional year and reinforces a bullish medium- to longer-term outlook, RBC Capital Markets' Greg Pardy says. Adjusted funds from operations per share came in 6% higher that the analyst expected and the consensus forecast, while total production was in line. Suncor affirmed 2025 guidance that points to production of 810,000-840,000 bbl/day. RBC has an outperform call and C$65 target on the shares, which last closed at C$55.44. (robb.stewart@wsj.com)
(END) Dow Jones Newswires
February 06, 2025 08:40 ET (13:40 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.