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Suncor Energy Inc, Company Intelligence Report

Published By :

GlobalData

Published Date : Apr 2011

Category :

Competitive Analysis

No. of Pages : N/A


Suncor Energy Inc (Suncor) is an integrated energy company engaged in the exploration and production of crude oil and natural gas, refining and transportation; and the manufacture of petroleum products globally. Suncor has established operations in Canada, Syria, North Sea, and Libya. The companys upstream operations mainly include the exploration, development and production of crude oil, bitumen, synthetic crude oil and natural gas. Its heavy oil production includes bitumen produced from oil sands through mining and in situ technology and upgrades it into refinery feedstock, diesel fuel and by-products. Additionally, natural gas production includes natural gas, natural gas liquid and by-products located in Western Canada. Its international and offshore segment is engaged in the exploration and production of conventional oil and gas in offshore Newfoundland, North Sea, Libya and Syria.

Scope
  • Key Highlights: This section provides detailed analysis on the companys overall oil and gas value chain, new projects, growth opportunities, new ventures, assets performance, hedging strategies, Capex funding, geographical results of oil and gas operations. 
  • Goals and Strategies: This section provides the upcoming goals and strategies of the company. The section mainly goals and strategies followed by the company in order to meet its upcoming goals. 
  • SWOT: The reports SWOT section provides the internal strength, weakness, opportunities and threats of company to reflect its strategic positions in the market. 
  • Key Events for 2011: This section provides the companys expected operational and financial activities in 2011. This section maps the companys focus for 2011 in nut shell. 
  • Production and Development Overview: This section highlights the companys crude oil and natural gas production forecast from its legacy and upcoming assets by region and commodity mix for next five years. The report also covers the detailed information and analysis on the companys producing and development assets. 
  • Exploration: This section includes detailed explanation and analysis on the companys exploration assets resulted due to new discoveries, new drilling and other activities. 
  • M&A trends: This section mainly provides information and analysis on the companys recent assets transactions, joint ventures, acquisition, and divestment activities during the last one year. This section highlights the companys status as a buyer or seller during the analyzed period. 
  • Financial Forecast and Valuation: This section highlights the detailed financial statement forecast for next five years. With the financial statement forecast, this section also provides intrinsic value of the company by using Net Asset Valuation method. 
  • Peer Group Analysis: This section compares the companys performance with its peer group on the basis of share prices, financial ratios, operational and financial parameters and other related parameters. 
  • Financial and Operational Metrics: This section covers the companys historical performance on several financial and operational parameters such as Production and Reserves, Reserves Replacement, Costs Incurred, Acreage, Wells, F&D Costs, Oil and Gas Revenue and Expenses etc.
Reasons to buy
  • The report will enhance the decision-making capability in a more rapid and time sensitive manner. It will allow you to 
  • Provide detailed analysis to those who are interested in knowing the companies existing and future business strategies.
  • Provide in-depth analysis on the companies E&P profiles along with the exploration and M&A updates. 
  • Provide valuable insights to those who are tracking oil and gas markets and wants to know the intrinsic value of the companies. 
  • Use the analysis for strategy and planning, M&A identifications, and competitor analysis.
Table of Content

1 Table of Contents
1 Table of Contents 3
1.1 List of Tables 5
1.2 List of Figures 6

2 Suncor Energy Inc, Company Overview 7

3 Suncor Energy Inc, Key Events for 2011 11

4 Suncor Energy Inc, Key Highlights 12
4.1 Strong Reserve Base and Funds from Internal Sources to Help Suncor to Achieve One Million Production by 2020 12
4.2 Strategic Partnership with Total to Develop Unconventional Resources 14
4.3 Strong Refinery Operations to Generate Funds of over One Billion 15

5 Suncor Energy Inc, SWOT Analysis 17
5.1 Strengths 17
5.1.1 Strong Integrated Operations 17
5.1.2 Leading Producer of Unconventional Oil in Canada 17
5.2 Weaknesses 18
5.2.1 Overdependence on Canadian Operations 18
5.3 Opportunities 19
5.3.1 Strategic Alliance with Total Canada E&P to Develop Unconventional Assets 19
5.3.2 Development of Alternative Energy Source 19
5.4 Threats 19
5.4.1 Inability to Fund Upcoming Projects May Reduce Growth 19

6 Suncor Energy Inc, Goals and Strategies 21
6.1 Developing Projects to Maximize Shareholder Value 21
6.2 Strong Balance Sheet and Financial Flexibility Fund Operational Growth Plans 21

7 Suncor Energy Inc, Production Overview 22
7.1 Production Profile 22
7.2 Assets Portfolio 23
7.2.1 Alberta 23
7.2.2 East Coast Canada 23
7.2.3 North Sea 23
7.2.4 Libya 23
7.2.5 Syria 23
7.2.6 Natural Gas 24

8 Suncor Energy Inc, Exploration and Development Overview 25
8.1 Alberta 26
8.2 International and Offshore 26
8.2.1 East Coast Canada 26
8.2.2 Libya 26
8.2.3 Syria 26

9 Suncor Energy Inc, Refining and Marketing Overview 27

10 Suncor Energy Inc, Alternative Sources Overview 29
10.1 Renewable Energy 29
10.2 Biofuels 29

11 Suncor Energy Inc, M&A Highlights 30
11.1 Joint Venture Between Suncor and Total E&P Canada 30
11.1.1 Deal Highlights 30

12 Suncor Energy Inc, Forecast Production and Financial Statements 31
12.1 Income Statement (20082015) 33
12.2 Balance Sheet (20082015) 34
12.3 Cash Flow Statement (20082015) 35
12.4 Financial Ratios 36

13 Suncor Energy Inc., Valuation 39
13.1 Net Asset Value 39

14 Suncor Energy Inc, Peer Comparision 42
14.1 Share Price Performance 42
14.2 Operational and Financial Performance 43
14.3 Key Financial and Operational Ratio 46

15 Suncor Energy Inc., Production and Reserves Trends 48
15.1 Total Oil and Gas, Reserves and Production 48
15.1.1 Total Crude Oil and Natural Gas Production and Reserves Trend, 2005-2010 48
15.1.2 Total Crude Oil & Natural Gas Production and Reserves By Country/Region, 2005-2010 49
15.1.3 Total Crude Oil and Natural Gas Reserve Changes, 2005-2010 50
15.2 Crude Oil/Liquids Production and Reserve 51
15.2.1 Crude Oil/Liquids Production and Reserve Trend, 2005-2010 51
15.2.2 Crude Oil Production and Reserves By Country/Region, 2005-2010 52
15.2.3 Crude Oil/Liquids Reserve Changes, 2005-2010 53
15.3 Natural Gas Production and Reserve 54
15.3.1 Natural Gas Production and Reserve Trend, 2005-2010 54
15.3.2 Natural Gas Production and Reserves, By Country/Region, 2005-2010 55
15.3.3 Natural Gas Reserve Changes, 2005-2010 56
15.4 Total Crude Oil and Natural Gas Reserves Life Index 57
15.4.1 Total Crude Oil and Natural Gas Reserves Life Index, 2005-2010 57
15.4.2 Total Crude Oil and Natural Gas Reserves Life Index, By Country/Region, 2005-2010 58
15.5 Allocation of the Upstream Capital Expenditure 58
15.5.1 Upstream Capital Expenditure, 2005-2010 58
15.5.2 Acquisition Costs By Country/Region, 2005-2010 59
15.5.3 Exploration and Development Costs, By Country/Region, 2005-2010 60
15.6 Oil and Gas Cost Per boe, $/boe 61
15.6.1 Oil and Gas Cost Per boe, $/boe, 2005-2010 61
15.6.2 Oil and Gas Cost Per boe, $/boe, By Country/Region, 2005-2010 62

16 Suncor Energy Inc., Reserve Replacement Ratio 63
16.1 Oil and Gas Production Replacement Ratio 63
16.1.1 Oil and Gas Production Replacement Ratio, 2005-2010 63
16.1.2 Oil and Gas Production Replacement Ratio, By Country/Region, 2005-2010 64

17 Suncor Energy Inc., Results of Oil & Gas Operations Trend 65
17.1 Oil and Gas Revenue and Expenses 65
17.1.1 Oil and Gas Revenue and Expenses, 2005-2010 65
17.1.2 Oil and Gas Revenue and Expenses, By Country/Region, 2005-2010 66
17.2 Oil and Gas Revenue and Expenses, Per boe 67
17.2.1 Oil and Gas Revenue and Expenses, By boe, 2005-2010 67
17.2.2 Oil and Gas Revenue and Expenses Per boe, By Country/Region, 2005-2010 68
17.3 Oil and Gas Performance Metrics 69

18 Suncor Energy Inc., Land Holdings and Well Data 70
18.1 Developed and Undeveloped Acreage 70
18.1.1 Gross and Net Developed and Undeveloped Acreage, 2005-2010 70
18.1.2 Gross and Net Developed and Undeveloped Acreage, By Country/Region, 2005-2010 71
18.2 Well Statistics 72
18.2.1 Producible Oil and Gas Well, 2005-2010 72
18.2.2 Producible Oil and Gas Well, By Country/Region, 2005-2010 73
18.2.3 Exploration and Development Wells Drilled, 2005-2010 74
18.2.4 Exploration and Development Wells Drilled, By Country/Region, 2005-2010 75

19 Appendix 77
19.1 Abbreviations 77
19.2 Methodology 77
19.2.1 Coverage 77
19.2.2 Secondary Research 78
19.2.3 Primary Research 78
19.2.4 Expert Panel Validation 78
19.3 Methodology for Company Valuation 79
19.4 Contact Us 79
19.5 Disclaimer 79

List of Table


Table 1: Suncor Energy Inc, Key Events, 20102011 10
Table 2: Suncor Energy Inc, Upcoming Projects, 20112020 12
Table 3: Suncor Energy Inc, Future Development Cost ($m), 20122015 13
Table 4: Suncor Energy Inc, Average Feedstock and Utilization Rate, 2010 15
Table 5: Suncor Energy Inc, Wind Power Projects, 2010 29
Table 6: Suncor Energy Inc, Recent Transactions as a Buyer, 2010 30
Table 7: Suncor Energy Inc, Forecast Production, 20082015 31
Table 8: GlobalData, Price Forecasts, 20112015 31
Table 9: Suncor Energy Inc, Income Statement ($m), 20082015 33
Table 10: Suncor Energy Inc, Balance Sheet ($m), 20082015 34
Table 11: Suncor Energy Inc, Cash Flow Statement ($m), 20082015 35
Table 12: Suncor Energy Inc, Profitability Ratios, 20082015 36
Table 13: Suncor Energy Inc, Other Financial Ratios, 20082015 37
Table 14: Suncor Energy Inc, Capital Market Ratios, 20092011 38
Table 15: GlobalData, Price Forecasts, 20112015 39
Table 16: Suncor Energy Inc, Net Asset Value, 2011 40
Table 17: Suncor Energy Inc, NPV of Oil/NGL Reserves, $/bbl, 2011 40
Table 18: Suncor Energy Inc, NPV of Natural Gas Reserves, $/Mcf, 2011 41
Table 19: Suncor Energy Inc, NPV OF Total Oil and Natural Gas Reserves , $/boe, 2011 41
Table 20: Suncor Energy Inc, Sensitivity Analysis on Fair Value ($ per share), 2011 41
Table 21: Suncor Energy Inc Vs. Peer Group, Operational and Financial Performance, 2010 43
Table 22: Suncor Energy Inc and its Peer Group Comparison, Financial Ratios, 2009 46
Table 23: Suncor Energy Inc., Total Crude Oil and Natural Gas, Production and Reserves, MMboe, 2005-2010 48
Table 24: Suncor Energy Inc., Total Crude Oil & Natural Gas Production and Reserves, By Country/Region, MMboe, 2005-2010 49
Table 25: Suncor Energy Inc., Total Crude Oil and Natural Gas Reserve Changes, MMboe, 2005-2010 50
Table 26: Suncor Energy Inc., Crude Oil Production and Reserves Metrics, MMbbl, 2005-2010 51
Table 27: Suncor Energy Inc., Crude Oil Production and Reserves, By Country/Region, MMbbl, 2005-2010 52
Table 28: Suncor Energy Inc., Crude Oil Reserve Changes, MMbbl, 2005-2010 53
Table 29: Suncor Energy Inc., Natural Gas Production and Reserves Metrics, Bcf, 2005-2010 54
Table 30: Suncor Energy Inc., Natural Gas Production and Reserves, By Country/Region, Bcf, 2005-2010 55
Table 31: Suncor Energy Inc., Natural Gas Reserve Changes, Bcf, 2005-2010 56
Table 32: Suncor Energy Inc., Oil and Gas Reserves Life Index, Years, 2005-2010 57
Table 33: Suncor Energy Inc., Oil and Gas Reserves Life Index, By Country/Region, Years, 2005-2010 58
Table 34: Suncor Energy Inc., Upstream Capital Expenditure, $m, 2005-2010 58
Table 35: Suncor Energy Inc., Proved and Unproved Acquisition Costs, By Country/Region, $m, 2005-2010 59
Table 36: Suncor Energy Inc., Exploration and Development Costs, By Country/Region, $m, 2005-2010 60
Table 37: Suncor Energy Inc., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, $/boe, 2005-2010 61
Table 38: Suncor Energy Inc., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, $/boe, By Country/Region, 2005-2010 62
Table 39: Suncor Energy Inc., Oil and Gas Production Replacement Ratio, %, 2005-2010 63
Table 40: Suncor Energy Inc., 3-Year Wt.Avg. Oil and Gas Production Replacement Ratio, By Country/Region, %, 2005-2010 64
Table 41: Suncor Energy Inc., Revenue and Expenses, $m, 2005-2010 65
Table 42: Suncor Energy Inc., Revenue and Expenses, By Country/Region, $m, 2005-2010 66
Table 43: Suncor Energy Inc., Oil and Gas Revenue and Expenses, $/boe, 2005-2010 67
Table 44: Suncor Energy Inc., Oil and Gas Revenue and Expenses, $/boe, By Country/Region, 2005-2010 68
Table 45: Suncor Energy Inc., Oil and Gas Performance Metrics, 2005-2010 69
Table 46: Suncor Energy Inc., Land Holdings (Developed and Undeveloped Acreage), Acres, 2005-2010 70
Table 47: Suncor Energy Inc., Land Holdings (Developed and Undeveloped Acreage), By Country/Region, Acres, 2005-2010 71
Table 48: Suncor Energy Inc., Producible Oil and Gas Wells, 2005-2010 72
Table 49: Suncor Energy Inc., Producible Oil and Gas Wells, By Country/Region, 2005-2010 73
Table 50: Suncor Energy Inc., Exploratory and Developed Wells, 2005-2010 74
Table 51: Suncor Energy Inc., Exploratory and Developed Wells, By Country/Region, 2005-2010 75

List of Chart


Figure 1: Suncor Energy Inc, Operational Map, 2011 7
Figure 2: Suncor Energy Inc, Financial and Operational Overview, 20072010 8
Figure 3: Suncor Energy Inc, Share Price Movement (Volume), April 2010April 2011 9
Figure 4: Suncor Energy Inc, Estimated Production (MMboe), 20072020 14
Figure 5: Suncor Energy Inc, Upcoming Project with Total, 2011 15
Figure 6: Suncor Energy Inc, Net Revenue and Upstream Contribution to Refinery Feedstock ($m), 2010 16
Figure 7: Suncor Energy Inc, Canada, Unconventional Oil Production by Major Company (MMbbl), 2010 18
Figure 8: Suncor Energy Inc, Total Production By Type (MMboe), 20072015 22
Figure 9: Suncor Energy Inc, Exploration and Development Cost and Exploration and Development Wells ($m), 2010 25
Figure 10: Suncor Energy Inc, Key Drivers for Refining and Marketing Segments (MMbbl/d), 2010 27
Figure 11: Suncor Energy Inc and Peer Group, Relative Share Price Performance Index, Mar 2010Mar 2011 42
Figure 12: Suncor Energy Inc and its Peers, Per Boe Parameters, 2010 44
Figure 13: Suncor Energy Inc and its Peers, Total Reserves and Production (MMboe), 2010 45
Figure 14: Suncor Energy Inc and its Peers, Valuation Ratios , 2009 47

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