Canada unions brace for 2025 labor crunch in oil sands maintenance season [Reuters]
Suncor Energy Inc. (SU)
Last suncor energy inc. earnings: 2/5 07:15 pm
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Source: Reuters
officials are warning of a labor crunch during Alberta's 2025 turnaround season as construction takes off on two new industrial projects. Every year producers in Alberta hire thousands of extra skilled workers to execute essential maintenance on oil sands upgraders, thermal projects and refineries. Canada is the world's fourth-largest oil producer, and roughly two-thirds of its 4.9 million barrels per day (bpd) of crude come from northern Alberta's oil sands. The turnarounds, lasting from a few weeks to a couple of months, often involve temporarily shutting down production and can squeeze Canadian crude prices higher. Maintenance at projects owned by Suncor Energy (SU.TO) New Tab , opens new tab , Canadian Natural Resources (CNQ.TO) New Tab , opens new tab , Cenovus Energy (CVE.TO) New Tab , opens new tab and Imperial Oil (IMO.TO) New Tab , opens new tab will take around 238,000 bpd of crude offline during the second quarter, according to company presentations, nearly 5%
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News
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- Here's Why Suncor Energy (SU) Gained But Lagged the Market Today [Yahoo! Finance]Yahoo! Finance
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Earnings
- 2/21/24 - Beat
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Sec Filings
- 3/27/24 - Form 6-K
- 3/22/24 - Form 6-K
- 3/22/24 - Form 40-F
- SU's page on the SEC website