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Stock impact report

Elliott agitation is ‘normal part of the journey': Suncor CEO [Business News Network (BNN) (Canada)]

Canadian Natural Resources Limited (CNQ) 
Last canadian natural resources limited earnings: 3/5 05:00 am Check Earnings Report
US:NYSE Investor Relations: cnrl.com/investor-information
Little said in an interview Tuesday he intends to engage with Elliott after the investment manager agitated for potential changes to Suncor's board of directors and its management team. Elliott also stated the company should consider selling its retail fuel business. “Our whole focus in this is to have collaborative discussions with our shareholders — that will include Elliott, as well as our other major shareholders. Discuss the path forward, get their feedback, and we talk about the path forward and sort it out,” he said. “I think this is just a normal part of the journey.” Elliott disclosed its 3.4 per cent stake in Suncor last month. The investment manager outlined a slate of concerns about the oil sands giant, including its relative underperformance to peers like Canadian Natural Resources Ltd., and its recent safety record, given 12 employees and contractors have died on the job since 2014. Elliott, founded by billionaire Paul Singer, asked for five independent director Show less Read more
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