Straits Times Index
3,300.04 -3.15 (-0.10%) S&P 500
5,187.70 +6.96 (+0.13%) Dow
38,884.26 +31.99 (+0.08%) Nasdaq
16,332.56 -16.69 (-0.10%) Bitcoin USD
62,485.72 -708.14 (-1.12%) CMC Crypto 200
1,293.11 -72.02 (-7.15%)
SU May 2024 33.000 put
| Previous close | 0.0300 |
| Open | 0.0600 |
| Bid | 0.0000 |
| Ask | 0.7500 |
| Strike | 33.00 |
| Expiry date | 2024-05-03 |
| Day's range | 0.0300 - 0.0600 |
| Contract range | N/A |
| Volume | |
| Open interest | 51 |
ReutersSuncor Energy beats first-quarter profit estimates, hits record production
(Reuters) -Canada's second-largest oil producer Suncor Energy beat first-quarter profit estimates on Tuesday, boosted by strong demand for refined products and record oil sands production. The Calgary-based company said total upstream production was 835,300 barrels per day (bpd), a record for the first quarter and up 12.6% from a year earlier, while oil sands output hit an all-time high of 785,000 bpd. The production records suggest Suncor is making progress in improving safety and performance in its oil sands business after a string of fatalities and operational setbacks hurt the company's share price and unnerved investors in recent years.
- Reuters
UPDATE 2-Suncor Energy beats first quarter profit estimates on refined products demand
Canada's Suncor Energy beat first-quarter profit estimates on Tuesday as the integrated oil and gas firm benefited from demand for refined products and higher oil production. Demand for refined products remained high in the quarter as outages at Russian refineries following Ukrainian attacks and heavy refinery turnaround tightened fuel supplies to global markets. Earnings were also helped by growing demand for oil in the U.S., the biggest importer of Canadian oil, which rose more than the forecast in February according to data from the U.S. Energy Information Administration, helping oil producers like Suncor Energy.
ZacksCenovus Energy (CVE) Beats Q1 Earnings Estimates
Cenovus (CVE) delivered earnings and revenue surprises of 31.43% and 0.43%, respectively, for the quarter ended March 2024. Do the numbers hold clues to what lies ahead for the stock?
