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suncor fire august 2020

Assumptions for the Oil Sands operations, Syncrude and Fort Hills 2020 production outlook include those relating to reliability and operational efficiency initiatives that the company expects will minimize unplanned maintenance in 2020. He recently reiterated a buy rating on the stock, telling investors “Suncor is not betting its future on a big lift in oil prices. Tùy chọn thời gian học trực tuyến mọi lúc, mọi nơi từ 8h đến 24h mỗi ngày với 100% giáo viên bản ngữ Âu - Úc - Mỹ trên mọi thiết bị di động. Bitumen production at Suncor's Firebag thermal oilsands project, which produces the heavy oil by injecting steam through wells, is to be reduced to 110,000 bpd for four weeks as Suncor performs maintenance originally scheduled for 2022. Published August 17, 2020 Updated August 17, 2020 . See the Non-GAAP Financial Measures section of this News release. In late-afternoon trading, Suncor shares were down 21 cents or 0.9 per cent to $22.36. Forward-looking statements are based on Suncor’s current expectations, estimates, projections and assumptions that were made by the company in light of its information available at the time the statement was made and consider Suncor’s experience and its perception of historical trends, including expectations and assumptions concerning: the accuracy of reserves estimates; the current and potential adverse impacts of the COVID-19 pandemic, including the status of the pandemic and future waves and any associated policies around current business restrictions, shelter-in-place orders or gatherings of individuals; commodity prices and interest and foreign exchange rates; the performance of assets and equipment; capital efficiencies and cost savings; applicable laws and government policies; future production rates; the sufficiency of budgeted capital expenditures in carrying out planned activities; the availability and cost of labour, services and infrastructure; the satisfaction by third parties of their obligations to Suncor; the development and execution of projects; and the receipt, in a timely manner, of regulatory and third-party approvals. Following completion of this work, Firebag capacity is anticipated to increase by 12,000 bbls/d to 215,000 bbls/d, with normal capacity by early November. Following these operational updates, production estimates for the third quarter are anticipated to be 305,000 – 320,000 bbls/d for Oil Sands Operations; this is comprised of 250,000 – 265,000 bbls/d of synthetic crude oil and approximately 55,000 bbls/d of bitumen. Fort Hills (bbls/d) Suncor working interest of 54.11%, Syncrude (bbls/d) Suncor working interest of 58.74%, 3. Repair costs are included within the corporate capital guidance; the majority of the repair costs are expected to be reimbursed through insurance proceeds to be received in 2021. Oil Sands operations cash operating costs, Fort Hills cash operating costs and Syncrude cash operating costs are not prescribed by Canadian generally accepted accounting principles ("GAAP"). In an era of near-zero rates from the Fed, NLY’s dividend return is sky-high.JMP analyst Steven DeLaney is impressed with NLY. Regulators have been notified and maintenance planned for the third quarter has been accelerated in advance of a return to normal mining operations, Suncor said. Except as required by applicable securities laws, Suncor disclaims any intention or obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Oil Sands operations cash operating costs, Fort Hills cash operating costs and Syncrude cash operating costs are not prescribed by Canadian generally accepted accounting principles ("GAAP"). Travel-related stocks, vulnerable to COVID-19 related curbs, dropped. For more information about Suncor, visit our website at, follow us on Twitter @Suncor or, Media inquiries: 1-833-296-4570, Investor inquiries: 800-558-9071 Suncor’s actual results may differ materially from those expressed or implied by its forward-looking statements, so readers are cautioned not to place undue reliance on them. (See NLY stock analysis on TipRanks)StoneCastle Financial (BANX)Next up, StoneCastle, is a management investment company, with a portfolio that includes moves into alternative capital securities and community banks. Full year Oil Sands Operations cash operating costs guidance(1) has been revised to $28.00 – $31.00 per barrel. Although initial repairs can allow the mine to operate at full rates, production has been restricted to manage bitumen quality into the upgraders. UFC lightweight champion Khabib Nurmagomedov announces emotional retirement after latest victory, saying he doesn’t want to keep fighting again following the death of his father, who served as his coach, from the coronavirus.Tick-By-Tick to Today’s Actionable Events:6:30am-- HAS earnings8:30am-- Sept. Chicago Fed Nat Activity Index10am-- Sept. New Home Sales10:30am-- Oct. Dallas Fed Mfg Activity10:30am-- JCAP vote11am-- USDA weekly corn, soybean, wheat export inspections4:05pm-- FFIV, TBI earnings4:15pm-- TWLO earnings8pm-- NXPI earningsQuiet period expires: AVO, LUNG, YALA, OPRH, CD, BQPRCP/ATLKY - Prelim proxy filing deadlineFirst day of China’s Oct. 26 - Oct. 29 plenumFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P. President Donald Trump's trade war with China did not achieve the objective of boosting manufacturing in the U.S., the Wall Street Jornal reports.What Happened: Manufacturing activity in the U.S. has not reversed despite billions of dollars in tariffs to discourage importing Chinese manufactured goods.The trade deficit with China reduced in 2019. Samsung’s billionaire chairman Lee Kun-hee, who made the South Korean company a global powerhouse, has died at 78. These non-GAAP financial measures should not be considered in isolation or as a substitute for measures of performance prepared in accordance with GAAP. Lee Kun-hee, who built Samsung Electronics into a global powerhouse in smartphones, semiconductors and televisions, died on Sunday after spending more than six years in hospital following a heart attack, the company said. We aim to create a safe and valuable space for discussion and debate. “The company invested a healthy $36M during the [second] quarter, which included some higher yielding and more attractive securities, which drove the sequential increase in net investment income… Given a strong quarter of investing, particularly into attractive yielding securities, net investment income stepped up solidly in 2Q20. It’s important to note that Annaly has beaten the earnings forecast in each of the past three quarters.Turning to the dividend, Annaly has remained a reliable dividend payer over the past several years, with a history of adjusting the payment to keep it sustainable. NON-GAAP FINANCIAL MEASURES. Copies of these documents are available without charge from Suncor at 150 6th Avenue S.W., Calgary, Alberta T2P 3E3, by calling 1-800-558-9071, or by email request to or by referring to the company’s profile on SEDAR at or EDGAR at Shares in Suncor Energy Inc. are trading sharply lower after it announced 2020 production guidance below analyst expectations as it restarts its Base Plant oilsands mining operation following a fire in the extraction area in August. 2020 production guidance has been updated to 60,000 – 65,000 bbls/d, with a reduction to the Fort Hills cash operating costs(1) per barrel range by $2 per barrel, to $32.00 – $35.00. Meanwhile, the Calgary-based company said it is working to restart the second extraction train at its Fort Hills oilsands mine this month, taking project production to between 120,000 and 130,000 bpd. The Syncrude cash operating costs per barrel and Fort Hills cash operating costs per barrel measures may not be fully comparable to similar information calculated by other entities (including Suncor’s Oil Sands operations cash operating costs per barrel) due to differing operations. Watch BA, LMT and RTX for a move.Watch KO after Barron’s says the beverage company is an under-appreciated post-pandemic reopening play.Your 64-Hour ICYMI:France set a record for new Covid cases, while Spain’s be Italy announced new restrictions. The interconnecting pipelines are on track for commissioning in Q4. Base Plant production was restored to 165,000 barrels per day of mined bitumen at the end of August following repairs but Suncor said it would restrict output going forward to manage bitumen quality going to its upgraders. He rates BANX an Outperform (i.e.

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