Love High Dividend Yields? Right now, the major factor that has contributed to the oil prices and demand going up, despite the fact that the many countries are still in the later stages of reopening (but haven’t fully reopened yet), is that OPEC countries and Russia have curtailed their output. And our view was, “Okay, well, we can’t help too much with that.”. So I think that’s the exciting part of it. Jeff McIntosh/The Canadian Press. There are no executives at Suncor getting paid more. But once that happens, supply and demand have to balance right away because you can’t produce if there’s no place to put it and there’s no ships or no tanks to put it in, you can’t produce if it’s not getting consumed. And in Canada, we’re almost back to where we were in Q4 of 2018 essentially, because there the crude price, at least for bitumen, got down to about zero. His past roles include serving as president of Suncor’s upstream organization with responsibility for all of Suncor’s operated and non-operated oil sands, in situ, conventional exploration and production assets worldwide, as well as executive vice president, Oil Sands and senior vice president International and Offshore. Mark Little, président et chef de la direction, et Alister Cowan, chef des Finances, représenteront la direction. One is obviously around cleaning, both reinforcing the normal behaviors, keeping their hands clean, coughing and sneezing into their elbow, not touching their face, keeping distance. The Oil Sands segment recovers bitumen from mining and in situ operations, and upgrades it into refinery feedstock and diesel fuel, or blends the bitumen with diluent for direct sale to market. Responsible Officer Name: Mark Little, President and Chief Executive Officer Responsible Officer Change History Initial registration start date: 2005-08-04 Registration status: Active Registration Number: 943751-5215 Yeah, it’s really interesting to think that a tweet can change the current price by 20 to 25%. Before joining Suncor, Mr. Little led the development of oil sands projects for a major international energy company. We really have an opportunity to increase supply. Last updated: 1 October 2020 at 11:00am EST. The major players in the sector, who have a much broader perspective on oil demand and the future of the sector, don’t seem very helpful. Goldy Hyder: His past experience also includes leadership roles in oil sands production and refining operations, strategic planning, environment, health and safety, and energy trading. I’m Goldy Hyder of the Business Council of Canada, and you’re listening to Speaking of Business. Mark Little: And I think it’s a great opportunity for Canadian business to work together differently to make our economy stronger, to make our company stronger, and to have more of a global impact. Suncor executives and other stock owners filed with the SEC include: Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens, Stocks and cryptocurrency portfolio tracker. Latest Posts. And we’re going to find out how business leaders are responding to crisis. Goldy Hyder: Les activités de Suncor sont reliées notamment au développement et à la valorisation des sables pétrolifères, à la production pétrolière et gazière extracôtière, au raffinage du pétrole et à la commercialisation des produits sous la marque Petro-Canada. So this is going to be a hugely challenging time as it is for the airline industry, the hotel industry, entertainment, all those sorts of things as well.
Can you just take us through how that happened and what you’re doing about it? And it’s exciting and humbling to be able to provide. Goldy Hyder: Mark Little: Mark Little: We’re running them at a reduced rate. And so we’ve had to reorganize some of the work to allow people to keep their distance from others and those sorts of things. Mark Little: The company primarily focuses on developing petroleum resource basins in Canada's Athabasca oil sands; explores, acquires, develops, produces, and markets crude oil in Canada and internationally; markets petroleum and petrochemical products under the Petro-Canada name primarily in Canada.
Suncor Is Said to Study Sale of North Sea Oil and Gas Fields, Oil Majors Bear the Brunt in Canada’s Energy Stock Rout, Suncor Plan to Slash Workforce Adds to Canada’s Oil-Sands Woes, Canadian Association of Petroleum Producers. This will be incredibly challenging, but I see lots of opportunity for us to get stronger as we go through it just even from the examples that you’ve talked about on this podcast, Goldy, about collaboration and people working on opportunities together. Goldy Hyder: The Corporate and Eliminations segment operates four wind farm operations in Ontario and Western Canada. © 2020 The Motley Fool Canada, ULC.
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Mark Little is 57, he's been the President, Chief Executive Officer, and Director of Suncor since 2019. The oldest executive at Suncor Energy, Inc. is Mel Benson, 71, who is the Independent Director. Even after slashing its dividends down to halves, the yield is at 3.9%. Veuillez noter que le nombre de lignes téléphoniques est limité et que celles-ci sont réservées aux personnes qui désirent poser des questions. So there’s a lot that we’re doing to keep the workforce safe so that we can keep providing this energy. The company is also facing seven environmental charges, and the company recently posted a loss of $614 million for its second quarter. The company produced about 18.5% less oil per day in the second quarter of 2020 than it did in the second quarter last year. So whether the Saudi-Russia dispute was going on or not, we still would be oversupplied by 10 to 15 million barrels a day. Mark, let’s conclude by looking ahead, I know you to be an eternal optimist. Mark Little is president and chief executive officer of Suncor. You will be hearing from Mark Little, Suncor’s new President and CEO shortly. Goldy Hyder: Can you just take us through what you’re doing to keep them safe and healthy?
And one of them has got to be the importance of controlling the supply of your own PPEs for the healthcare workers in terms of the professional equipment that they need. This beloved Dividend Aristocrat also had to slash its dividend down to 50% of its previous year’s dividends. There’s always challenges, but that actually will make us stronger as we go forward. The stock is trading at a price to books of 0.9 and a trailing price to earnings of 12 times. Goldy Hyder: And I think that this is primarily, although we talk a lot about Russian and Saudi behavior in oversupplying, global demand in April is likely going to be off somewhere between 10 and 50 million barrels a day. He previously served as the company’s president and chief operating officer before being … Stocks slide on surging COVID-19 cases, stimulus doubts; dollar rises, Dollar gains in surge in COVID cases, U.S. stimulus worries, Europe needs 'serious acceleration' in fight against coronavirus - WHO, President, Chief Executive Officer & Director, Canadian Association of Petroleum Producers, Co-Chairman-Aboriginal Procurement Campaign.
Thanks Goldy. And so the typical process of going through the supply chain for the federal government to buy it, it just was way easier for us to just buy it, fly it up, drop it off in these remote communities so that it could get there as a stop-gap measure until the federal government can show up with their big supply chain purchases. Mark Little: In Russia, it’s a lower percentage of their economy, but it’s still a very critical part of their economy and they aren’t making any money on this. In the oil patch, our work that we’re doing every day is considered an essential service so that we can provide the gasoline and distillate and electricity and such that people are using in their homes every single day. Hear Mark Little, president and chief executive officer, talk about sustainability at Suncor… With demand going off, we’re still running these facilities. © 2020 GlobeNewswire, Inc. All Rights Reserved. Goldy Hyder:
And so what we’re finding is energy demand continues to increase globally, oil demand is still going up, coal demand is starting to come off a little bit.
Those are all indications of when things do return to whatever the new normal looks like, the reality is the demand for oil and gas is going to continue. The energy sector has been in trouble for a while now. Goldy Hyder: Mark Little: It is just inspiring to see them working together to help us get through this and it’s great to see. But we’re not going away. The only difference now is globally, the entire industry is facing the same challenge and in the vast majority of places.
We had discussed the fact that you’re in the lubricant business and it might allow you to get into doing some progress on the sanitizer issue.