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BRIEF-Suncor Energy reports Q4 loss per share C$1.38

Published 2016-02-03, 08:07 p/m
© Reuters.  BRIEF-Suncor Energy reports Q4 loss per share C$1.38
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Feb 3 (Reuters) - Suncor Energy Inc SU.TO :
* Reports fourth quarter 2015 results
* Q4 operating loss per share C$0.02
* Q4 loss per share C$1.38
* Q4 earnings per share view C$0.10 -- Thomson Reuters I/B/E/S
* Oil sands operations production increased to 439,700 bbls/d in the fourth
quarter of 2015, compared to 384,200 bbls/d
* Suncor has reduced its capital guidance for 2016 to a range of $6.0 to $6.5
billion
* Suncor's share of syncrude production was 30,900 bbls/d in Q4, compared to
35,100 bbls/d in the prior year quarter
* Says operating costs across the organization are down almost $1 billion from
last year
* Suncor's total upstream production increased to 582,900 barrels of oil
equivalent per day (boe/d) in the fourth quarter of 2015
* Says capital spending reduction is not anticipated to impact the company's
near term production targets
* Reduced its 2016 capital guidance in part due to the deferral of firebag
planned maintenance to 2017
* Sees 2016 wti at cushing to us$39/bbl from us$50/bbl, wcs at hardisty to
us$26/bbl from us$35/bbl
* Says adjusted 2016 assumptions for brent at sullom voe to us$40/bbl from
us$55/bbl,

* Source text for Eikon ID:nMKW0VDX9a

* Further company coverage SU.TO

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