Previous close | 0.1400 |
Open | 0.1300 |
Bid | 0.1000 |
Ask | 0.1600 |
Strike | 23.00 |
Expiry date | 2025-01-17 |
Day's range | 0.1300 - 0.1400 |
Contract range | N/A |
Volume | |
Open interest | 3.24k |
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) -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.
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. Suncor appointed former Exxon Mobil executive Rich Kruger as CEO last year, after previous CEO Mark Little resigned in 2022.