Street View: Cost cuts, output boost key to Suncor's long-term plan

Suncor Energy (Canada)

06/01/2026 13:51

** Canadian oil and gas company Suncor Energy SU.TO expected to cut costs, increase output over next few years, say brokerages

** Co posts record Q4 upstream production of 909,000 barrels/day and refining throughput of 504,000 barrels/day

** Desjardins ("buy", PT: C$74) expects co to unveil cost-saving measures, optimize Fort Hills operations and re-baseline upgrader/refinery capacities

** Brokerage expects roadmap to replace Base Mine volumes with Steam-Assisted Gravity Drainage (SAGD) production in coming years

** RBC Dominion Securities ("outperform", PT: C$67) expects SU to lower break-even costs, boost production and significantly increase free cash flow over next few years

** TPH Energy Research ("buy"; PT: C$75) says update shows strong momentum continued into year-end; SU relatively insulated from "recent macro events (Venezuela)"

** Stock rose 18.7% in 2025

(Reporting by Varun Sahay in Bengaluru)

((Varun.sahay@thomsonreuters.com))