Dominion Lending Centres Clearlease Reports Suncor Energy(TSX:SU) Q1 net earnings of $1.028 billion

Dominion Lending Centres Clearlease Reports Suncor Energy(TSX:SU) Q1 net earnings of $1.028 billion

VANCOUVER, BRITISH COLUMBIA – (May 3, 2011) Clearlease Reports Suncor Energy Inc. (TSX:SU) is reporting first quarter net earnings of $1.028 billion, or 65 cents per share.

That compares to net earnings of $779 million, or 50 cents per share in the corresponding quarter a year ago.

The results were announced hours after Canada’s largest energy company reported a 10 per cent increase in its quarterly dividend to 11 cents per common share.

The dividend will be payable June 24 to shareholders of record at the close of business on June 3. Based on its closing share prices of $44.01 on Monday, that would make the annual yield on the stock about one per cent.

“This is an appropriate and balanced increase that provides immediate rewards to our shareholders while we pursue our next phase of growth and drive future rewards,” chief financial officer Bart Demosky said in a release announcing the increase.

Analysts polled by Thomson Reuters have been, on average, expecting Suncor to report earnings of 77 cents per share on revenues of $10.26 billion in the quarter.

Suncor became Canada’s largest energy company when it merged with Petro-Canada in 2009. Through the transaction, it inherited oil assets in Libya. As conflict broke out in Libya in February, Suncor pulled its employees out of the North African country.

Suncor is the largest operator in the oilsands, with huge mining operations north of Fort McMurray, a 12 per cent interest in the Syncrude Canada Ltd. mine, a 41 per cent stake in the yet-to-be-developed Fort Hills mine and steam-driven operations at Firebag and Mackay river.

In December, Suncor inked a $1.75-billion deal with the Canadian division of France’s Total SA to work together in the oilsands.

The ownership structure at Fort Hills mining project has been shuffled around, leaving Suncor with a 40.8 per cent stake, Total with 39.2 per cent and Teck Resources Ltd. (TSX:TCK.B) with the 20 per cent.

Previously, Suncor had a 60 per cent interest in Fort Hills. Total grabbed its initial 20 per cent stake when it acquired UTS Energy Corp. last year.

In exchange, Suncor has 36.7 per cent of Total’s interest in the undeveloped Joslyn mine. Total will remain operator, with a 38.25 per cent stake, while Occidental Petroleum and Inpex hold the rest.

Total has also snagged a 49 per cent interest in the Voyageur upgrader, which Suncor shelved when the recession hit in late 2008.

Video Link: http://youtu.be/f_kk7WJa7Uk

For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html

About Dominion Lending Centres Clearlease

Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.

Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.

You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.

Contact DLC Clearlease.com:

Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. Alexander Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 199
eMail: clearlease@gmail.com
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease

###

Video Link: http://youtu.be/f_kk7WJa7Uk

Dominion Lending Centres Clearlease Reports Suncor Energy(TSX:SU) Q1 net earnings of $1.028 billion

VANCOUVER, BRITISH COLUMBIA – (May 3, 2011) Clearlease Reports Suncor Energy Inc. (TSX:SU) is reporting first quarter net earnings of $1.028 billion, or 65 cents per share.

That compares to net earnings of $779 million, or 50 cents per share in the corresponding quarter a year ago.

The results were announced hours after Canada’s largest energy company reported a 10 per cent increase in its quarterly dividend to 11 cents per common share.

The dividend will be payable June 24 to shareholders of record at the close of business on June 3. Based on its closing share prices of $44.01 on Monday, that would make the annual yield on the stock about one per cent.

“This is an appropriate and balanced increase that provides immediate rewards to our shareholders while we pursue our next phase of growth and drive future rewards,” chief financial officer Bart Demosky said in a release announcing the increase.

Analysts polled by Thomson Reuters have been, on average, expecting Suncor to report earnings of 77 cents per share on revenues of $10.26 billion in the quarter.

Suncor became Canada’s largest energy company when it merged with Petro-Canada in 2009. Through the transaction, it inherited oil assets in Libya. As conflict broke out in Libya in February, Suncor pulled its employees out of the North African country.

Suncor is the largest operator in the oilsands, with huge mining operations north of Fort McMurray, a 12 per cent interest in the Syncrude Canada Ltd. mine, a 41 per cent stake in the yet-to-be-developed Fort Hills mine and steam-driven operations at Firebag and Mackay river.

In December, Suncor inked a $1.75-billion deal with the Canadian division of France’s Total SA to work together in the oilsands.

The ownership structure at Fort Hills mining project has been shuffled around, leaving Suncor with a 40.8 per cent stake, Total with 39.2 per cent and Teck Resources Ltd. (TSX:TCK.B) with the 20 per cent.

Previously, Suncor had a 60 per cent interest in Fort Hills. Total grabbed its initial 20 per cent stake when it acquired UTS Energy Corp. last year.

In exchange, Suncor has 36.7 per cent of Total’s interest in the undeveloped Joslyn mine. Total will remain operator, with a 38.25 per cent stake, while Occidental Petroleum and Inpex hold the rest.

Total has also snagged a 49 per cent interest in the Voyageur upgrader, which Suncor shelved when the recession hit in late 2008.

Video Link: http://youtu.be/f_kk7WJa7Uk

For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html

About Dominion Lending Centres Clearlease

Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.

Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.

You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.

Contact DLC Clearlease.com:

Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. Alexander Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 199
eMail: clearlease@gmail.com
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease

###

Video Link: http://youtu.be/f_kk7WJa7Uk

Dominion Lending Centres Clearlease Reports Suncor Energy(TSX:SU) Q1 net earnings of $1.028 billion

VANCOUVER, BRITISH COLUMBIA – (May 3, 2011) Clearlease Reports Suncor Energy Inc. (TSX:SU) is reporting first quarter net earnings of $1.028 billion, or 65 cents per share.

That compares to net earnings of $779 million, or 50 cents per share in the corresponding quarter a year ago.

The results were announced hours after Canada’s largest energy company reported a 10 per cent increase in its quarterly dividend to 11 cents per common share.

The dividend will be payable June 24 to shareholders of record at the close of business on June 3. Based on its closing share prices of $44.01 on Monday, that would make the annual yield on the stock about one per cent.

“This is an appropriate and balanced increase that provides immediate rewards to our shareholders while we pursue our next phase of growth and drive future rewards,” chief financial officer Bart Demosky said in a release announcing the increase.

Analysts polled by Thomson Reuters have been, on average, expecting Suncor to report earnings of 77 cents per share on revenues of $10.26 billion in the quarter.

Suncor became Canada’s largest energy company when it merged with Petro-Canada in 2009. Through the transaction, it inherited oil assets in Libya. As conflict broke out in Libya in February, Suncor pulled its employees out of the North African country.

Suncor is the largest operator in the oilsands, with huge mining operations north of Fort McMurray, a 12 per cent interest in the Syncrude Canada Ltd. mine, a 41 per cent stake in the yet-to-be-developed Fort Hills mine and steam-driven operations at Firebag and Mackay river.

In December, Suncor inked a $1.75-billion deal with the Canadian division of France’s Total SA to work together in the oilsands.

The ownership structure at Fort Hills mining project has been shuffled around, leaving Suncor with a 40.8 per cent stake, Total with 39.2 per cent and Teck Resources Ltd. (TSX:TCK.B) with the 20 per cent.

Previously, Suncor had a 60 per cent interest in Fort Hills. Total grabbed its initial 20 per cent stake when it acquired UTS Energy Corp. last year.

In exchange, Suncor has 36.7 per cent of Total’s interest in the undeveloped Joslyn mine. Total will remain operator, with a 38.25 per cent stake, while Occidental Petroleum and Inpex hold the rest.

Total has also snagged a 49 per cent interest in the Voyageur upgrader, which Suncor shelved when the recession hit in late 2008.

Video Link: http://youtu.be/f_kk7WJa7Uk

For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html

About Dominion Lending Centres Clearlease

Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.

Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.

You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.

Contact DLC Clearlease.com:

Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. Alexander Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 199
eMail: clearlease@gmail.com
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease

###

Video Link: http://youtu.be/f_kk7WJa7Uk



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