Suncor Energy (SU) closed the most recent trading day at $34.62, moving +0.06% from the previous trading session.
(Reuters) -France's TotalEnergies will buy an extra stake in western Canada's Fort Hills oil sands mine from Teck Resources, the companies said on Friday, leaving partner Suncor Energy with a smaller slice than planned in a project that has struggled with operational challenges. Suncor announced in October an agreement to buy Teck's 21.3% interest in the mine, but TotalEnergies on Friday said it would exercise its right to first refusal and buy an additional 6.65% of Teck's share for C$312 million ($234 million) on the same terms as Suncor's deal with Teck.
Suncor Energy (SU) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.