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Actionable news in SU: SUNCOR ENERGY Inc,

UPDATE 1-Suncor posts third-quarter net loss on FX, low oil prices bite

(Adds more earnings details, quote)

Oct 28 (Reuters) - Suncor Energy Inc , Canada's largest oil and gas company, on Wednesday reported a third-quarter loss due to unrealized foreign exchange losses and posted lower operating profits as the slump in global crude prices dragged on.

The company reported a net loss of C$376 million, or 26 Canadian cents per share, as a result of an after-tax unrealized FX loss of C$786 million ($595.91 million) on the revaluation of U.S. dollar denominated debt.

In the year-prior quarter net earnings were C$919 million, or 63 Canadian cents per share.

Suncor's operating profit, which excludes one-time items, fell to C$410 million, or 28 Canadian cents per share, in the third quarter, from C$1.306 billion, or 89 Canadian cents...


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