Canadian oil firms lament output cuts as rail volumes slip 4:37pm EDT [Reuters]
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: Reuters
Canadian oil firms lament output cuts as rail volumes slip | Reuters 4 Min Read HOUSTON (Reuters) - Some Canadian oil executives blame higher crude prices from mandated production curbs for hurting their refining margins and depressing shipments of Alberta crude to U.S. customers. The government of Alberta last year mandated output cuts of 325,000 barrels per day (bpd) to help alleviate a supply glut that had weighed on crude prices and earnings of Canadian producers. Many in the industry had praised the move as prices rose. But other Canadian companies including Husky Energy Inc and Suncor Energy Inc that both produce and refine oil into fuel had benefited from cheap feedstock for their refineries. Executives at an energy industry this week said falling rail shipments to the United States are one of the “unintended consequences” of the output cuts as rising Canadian prices make transporting by rail less attractive. Canadian crude by rail shipments have fallen despite rising U.S. dema
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
- Canadian Tire Corporation and Petro-Canada™ Fuel New Adventures with Loyalty Partnership Launch [Yahoo! Finance]Yahoo! Finance
- With completion in sight, what's next for the Trans Mountain pipeline project? [BNN Bloomberg (Canada)]BNN Bloomberg
- With completion in sight, what's next for the Trans Mountain pipeline project? [Financial Post (Toronto, Ontario, Canada)]Financial Post
- Most actively traded companies on the Toronto Stock Exchange [Financial Post (Toronto, Ontario, Canada)]Financial Post
- Suncor Energy pays new CEO Richard Kruger $36.8-million in first year [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
SU
Earnings
- 2/21/24 - Beat
SU
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