Suncor

Suncor to buy additional stake in Fort Hills project from Teck in C$1B deal (NYSE:SU)

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RiverNorthPhotography/iStock Unreleased via Getty Images Suncor Energy (NYSE:SU) said Wednesday it agreed to acquire an additional 21.3% stake in the Fort Hills oil sands project and associated sales and logistics agreements from Teck Resources (NYSE:TECK) for ~C$1B (US$737M) in cash. The deal will raise Suncor’s (SU) aggregate share in the project to 75.4%; TotalEnergies (TTE) … Read more

Recent Suncor fatalities ‘devastating’ for survivors of other workplace tragedies

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Breadcrumb Trail Links PMN Energy PMN Business Author of the article: The Canadian Press Amanda Stephenson Publishing date: Sep 04, 2022  •  28 minutes ago  •  5 minute read  •  Join the conversation Alyssa Grocutt poses with pictures of her father Kevin who died when she was 11 years old while working at Suncor Energy Inc., … Read more

Suncor Energy Stock Joins Elite Club With RS Ratings Over 90

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On Friday, Suncor Energy (SU) reached a noteworthy performance benchmark, with its Relative Strength (RS) Rating moving into the 90-plus percentile. It gained an improvement to 91, a rise from 88 the day before. X When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength. IBD’s … Read more

Antitrust rules, Petro-Canada profits may hinder Suncor from selling unit

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Breadcrumb Trail Links PMN Business Author of the article: Reuters Divya Rajagopal and Rod Nickel Article content TORONTO — Suncor Energy could reap over $8 billion and boost returns to unhappy shareholders if it sells its Petro-Canada gas station business, but Canadian antitrust rules and the need for the unit’s steady profits could deter that … Read more

Suncor interim CEO’s top priority is to fix poor safety record

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Breadcrumb Trail Links Oil & Gas FP Energy ‘Our safety record is unacceptable and improvements must be made,’ Kris Smith says Suncor Energy Inc. posts a profit of $3.996 billion for the second quarter of the year — a more than a fourfold increase over the same period last year. Photo by REUTERS/Chris Wattie/File Photo … Read more