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

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