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Suncor tracking ahead of its production forecast at mid-point of year

Published

3 months ago

August 7, 2024

CALGARY – Suncor Energy Inc. says its oil and gas production so far in 2024 is tracking ahead of its forecast, though the company is refraining from making changes to its full-year guidance.

The Calgary-based company beat Wall Street’s expectations with its second-quarter earnings report, delivering total oilsands production of 834,400 barrels per day, compared with 814,300 barrels per day in the same quarter of 2023.

The company achieved record bitumen production at both its Fort Hills and Firebag oilsands sites.

Suncor also saw record quarterly refined product sales in the second quarter, and broke a quarterly utilization record at its 146,000-barrel-per-day Edmonton refinery.

Suncor, which until recently had a reputation for under-performance compared with industry peers, has been pursuing a major corporate turnaround plan under the leadership of CEO Rich Kruger, who took the helm in April 2023.

Kruger said Wednesday the company is delivering tangible improvements and tracking above its own guidance on several metrics, but added it is only halfway through the year and Suncor has more work to do.

This report by The Canadian Press was first published Aug. 7, 2024.

Companies in this story: (TSX:SU)

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N.S. Tory leader won’t ask Poilievre to join campaign |

Published

1 min ago

November 5, 2024

Anne Joseph

Tim Houston, who is seeking a second term as Nova Scotia premier, said he had no plans to invite Poilievre to join him on the campaign ahead of the Nov. 26 provincial election. He explained the provincial Progressive Conservatives have no formal ties with the Tories in Ottawa — and he made a point of saying he is not a member of the federal party. Experts say it also is because the latest polls suggest Atlantic Canadians have not warmed to Poilievre. (Nov. 5, 2024)

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Clemson coach Dabo Swinney challenged at poll when out to vote in election

Published

3 mins ago

November 5, 2024

Anne Joseph

CLEMSON, S.C. (AP) — It has been a rough few days for Clemson coach Dabo Swinney. First, his 19th-ranked Tigers lost to Louisville on Saturday night, then he was told he couldn’t vote Tuesday at his polling place.

Swinney, whose given name is William, explained that the voting system had locked him out, saying a “William Swinney” had already voted last week. Swinney said it was his oldest son, Will, and not him.

“They done voted me out of the state,” Swinney said. “We’re 6-2 and 5-1 (in the Atlantic Coast Conference), man. They done shipped me off.”

Dabo Swinney had to complete a paper ballot and was told there will be a hearing on Friday to resolve the issue.

“I was trying to do my best and be a good citizen and go vote,” he said. “Sometimes doing your best ain’t good enough. You have to keep going though, keep figuring it out.”

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Fatality inquiry into Alberta boxer’s knockout death recommends better oversight

Published

4 mins ago

November 5, 2024

Anne Joseph

EDMONTON – The judge leading a fatality inquiry into the knockout death of a boxer is recommending changes to how the sport is regulated and how head injuries are monitored.

Timothy Hague, who was 34, competed in a boxing match licensed by the Edmonton Combative Sports Commission in June 2017 when his opponent, Adam Braidwood, knocked him unconscious.

Hague came to and was able to walk to the dressing room, where he vomited, and was then taken to hospital where he underwent surgery for a large brain bleed.

His condition did not improve, care was withdrawn and Hague died two days after the fight.

Justice Carrie Sharpe with Alberta’s provincial court made 14 recommendations, including that combat sports be overseen by a provincial authority instead of a patchwork of municipal bodies and that there be concussion spotters at every event.

She also recommends that if a fighter receives a blow to the head in a technical knockout, they must provide a brain scan to prove they are fit to compete again.

This report by The Canadian Press was first published Nov. 5, 2024.

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