Straits Times Index
3,264.53 -35.51 (-1.08%) S&P 500
5,187.67 -0.03 (-0.00%) Dow
39,056.39 +172.13 (+0.44%) Nasdaq
16,302.76 -29.80 (-0.18%) Bitcoin USD
60,901.34 -1,464.85 (-2.35%) CMC Crypto 200
1,300.65 +5.98 (+0.46%)
SU Jul 2024 42.000 put
- Reuters
Canada's Suncor leasing Aframax vessels, selling Trans Mountain crude direct
Canada's Suncor Energy is leasing Aframax vessels in the Pacific and selling direct to customers, seeking to maximise profits on oil being shipped on the newly completed Trans Mountain pipeline expansion (TMX), the company said on Wednesday. TMX, which began commercial operations last week, will ship an extra 590,000 barrels per day (bpd) from Alberta to Canada's Pacific coast and is expected to increase access to markets in Asia and the U.S. west coast. Calgary-based Suncor is a committed shipper on TMX and Canada's second-largest oil producer.
- Zacks
Suncor Energy (SU) Tops Q1 Earnings and Revenue Estimates
Suncor Energy (SU) delivered earnings and revenue surprises of 16.67% and 7.62%, respectively, for the quarter ended March 2024. Do the numbers hold clues to what lies ahead for the stock?
- Reuters
Suncor 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.
