Suncor boosts direct trade with new pipeline [Wealth Professional (Canada)]
Suncor Energy Inc. (SU)
Last suncor energy inc. earnings: 2/5 07:15 pm
Check Earnings Report
US:NYSE Investor Relations:
suncor.com/investor-centre
Company Research
Source: Wealth Professional
Suncor Energy Inc. is poised to leverage its trading platform to negotiate directly with new customers through the newly operational Trans Mountain pipeline expansion, as highlighted in a report by The Financial Post This strategic move aims to eliminate intermediaries, giving the Alberta-based company a “unique” edge in accessing additional regions. Dave Oldreive, Suncor's executive vice-president of downstream, emphasized the company's distinctive approach, stating, “What might make us a bit unique is we are not reliant on third-party trading shops.” He noted that this direct transaction model enables Suncor to fully capture the transaction value. Additionally, the company has leased vessels in the Pacific Ocean, which Oldreive believes will provide a cost advantage in shipping. The Trans Mountain pipeline expansion , a 1,150-kilometre project that twins a line first constructed in 1953, now connects Alberta with British Columbia. It is expected to deliver about 890,000 bar
Show less
Read more
Impact Snapshot
Event Time:
SU
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
SU alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
SU alerts
High impacting Suncor Energy Inc. news events
Weekly update
A roundup of the hottest topics
SU
News
- Treasuries Slip for a Third Day as Inflation Optimism Wears Thin [Yahoo! Finance Canada]Yahoo! Finance Canada
- Seafood Chain Red Lobster Files for Bankruptcy Protection [Yahoo! Finance Canada]Yahoo! Finance Canada
- Five things to watch for in the Canadian business world in the coming week [Yahoo! Finance Canada]Yahoo! Finance Canada
- Five things to watch for in the Canadian business world in the coming week [Financial Post (Toronto, Ontario, Canada)]Financial Post
- Dividend Growth And Buybacks - Why Suncor Remains One Of My Best Ideas In Energy [Seeking Alpha]Seeking Alpha
SU
Earnings
- 5/7/24 - Beat
SU
Sec Filings
- 5/9/24 - Form 6-K
- 5/8/24 - Form 6-K
- 5/8/24 - Form 6-K
- SU's page on the SEC website