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The Latest Breaking News from Suncor

3 Under-the-Radar Oil Stocks to Keep Your Eye On

Some energy stocks could benefit from a second Trump administration; keep an eye on these under-the-radar firms poised to rise with the broader industry.

MarketBeat

Running in America’s worst air: ‘Like binging on a carton of cigarettes’

For a writer and runner in Denver, Colorado, the city’s severe air pollution creates a daily dilemma: do something you love, or risk your health?

The Guardian - US

3 Top Energy Stocks to Buy on Rising Oil Prices

With crude futures closing last week at a new year-to-date high, here's a spotlight on three high-quality stocks from the energy sector that are poised to benefit from higher commodity prices.

Barchart

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Why is Suncor Energy (SU) Moving Higher? Just Ask the Giants.

While Suncor Energy has swung higher on compelling fundamental catalysts, it’s the institutional activity that warrants a closer look at SU stock.

Barchart

How To Sell Stocks: New Highs In Declining Volume Signal Weakness

If volume is trending lower as the stock is hitting new highs, take note. That tells you the big money of institutional buyers is no longer there.

Investors Business Daily

Somebody Really Must Like Suncor Given Its Unusual Options Activity

A multi-leg trade on Wednesday for Suncor calls suggests somebody thinks oil prices might continue moving higher. The question is whether Suncor is the right energy play here.

Barchart

US supreme court denies oil companies’ bid to move venue of climate lawsuits

Justices turn away appeals of lower court decisions that determined lawsuits belong in state, not federal, court

The Guardian - US

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‘They’re destroying us’: Indigenous communities fear toxic leaks from Canada oil industry

Recent leaks from oil sands tailings ponds have contaminated water, sowing mistrust among local First Nations people

The Guardian - US

Biden urges SCOTUS on climate suits

Big Oil has long counted on corporate-friendly federal courts to get rid of climate suits

Salon

Biden administration sides with climate lawsuit against fossil fuel companies

DoJ brief argues that Colorado case against energy giants ExxonMobil and Suncor should be heard in state court instead of federal

The Guardian - US

Despite soaring profits, oil companies are not paying enough for their environmental damage

At the end of the third quarter reporting season in October, the Big Four oilsands producers continued to report record profit levels. Collectively, Cenovus, CNRL, Imperial Oil and Suncor earned $5.8 billion in the third quarter and $23.1 billion in the first nine months of 2022. The average return on…

The Conversation

Suncor (SU) Alters Board, Reviews Station Sale Post Elliot Deal

Suncor Energy (NYSE: SU) recently declared that it has entered into an agreement with the activist investment firm — Elliott Investment Management — according to which SU's board of directors will appoint three new independent directors, two of whom will serve on the CEO search committee.

Benzinga

Suncor reaches deal with activist investor Elliott Investment Management

CALGARY — Suncor Energy Inc. says it has reached a deal with activist investor Elliott Investment Management LP that will see it undertake a strategic review of its downstream retail business with the goal of "unlocking shareholder value."

The Canadian Press

ConocoPhillips (COP) Wins Approval To Develop Tommeliten Field

ConocoPhillips (NYSE: COP) received approval from the U.K. and Norway authorities for the development and operation of the Tommeliten A field in the North Sea.

Benzinga

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Benzinga

RBC Capital Bumps Up Suncor Energy Price Target By 12%

RBC Capital analyst Greg Pardy raised the price target for Suncor Energy Inc. (TSX:SU) (NYSE:SU) to C$47 from C$42 while maintaining the Sector Perform rating on the shares. The analyst states that Suncor’s Q1 results were solid while its conference call was uneventful. Pardy mentions that Suncor’s operating performance path will determine its relative market…

The Guardian - US

US fracking boom could tip world to edge of climate disaster

140bn metric tons of planet-heating gases could be unleashed if fossil fuel extraction plans get green light, analysis shows

Investors Business Daily

Oil Stocks: Buffett Favorite Occidental Sinks After Earnings, Amid Oil Sell-Off

Oil producer Occidental Petroleum reported EPS that beat expectations. OXY stock fell after hours, after a mixed day for oil stocks.

Tribune News Service

Some cities, states say Big Oil should pay for climate damage

In the waning days of 2021, a grass fire broke out in Boulder County, Colorado. Fueled by extreme drought and high winds, the fire swept through the communities of Superior and Louisville. Within hours, it had destroyed more than a thousand structures — making the Marshall fire the most destructive…

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The Canadian Press

Suncor adopting mining safety technology for first time in oilsands, says CEO

CALGARY — Suncor Energy Inc. will adopt mining safety technology for the first time in the oilsands after a recent fatality that marked the company's fourth workplace death since late 2020.

The Canadian Press

Suncor Energy Inc. swings to $1.5-billion profit on soaring crude prices

CALGARY — Suncor Energy Inc. says it earned $1.53 billion in the fourth quarter and achieved record adjusted funds fromoperations against the backdrop of soaring oil prices.

The Canadian Press

Suncor provides details on worker death; CEO says recent incidents 'not acceptable'

CALGARY — The chief executive of Suncor Energy Inc. says the company must do more to improve workplace safety after a truck crash earlier this month resulted in the death of a contractor at the company's Base Mine site near Fort McMurray, Alta.

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