China's Sinochem Buys First Oil Cargo From Canadian Pipeline [Financial Post (Toronto, Ontario, Canada)]
Suncor Energy Inc. (SU)
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Source: Financial Post
Author of the article: You can save this article by registering for free here . Or sign-in if you have an account. (Bloomberg) — China's Sinochem Group has purchased one of the first crude cargoes that will be shipped through a new Canadian pipeline that's designed to move more oil from landlocked Alberta to the Pacific Coast for export. Sinochem bought a 550,000-barrel cargo from Suncor Energy Inc., which will load from the Trans Mountain pipeline's expansion in May-June, said traders who asked not to be identified. The oil is a heavy crude, they added. Article content Article content The Trans Mountain expansion — which nearly triples the capacity of the system — is Canada's biggest new oil pipeline in more than a decade. The larger conduit was conceived as a way to let Canadian producers sell more crude at better prices to buyers in Asia and on the US West Coast, widening its customer base beyond its current pool of mainly US Midwest refiners. The development also ho
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News
- Here's Why Suncor Energy (SU) Gained But Lagged the Market Today [Yahoo! Finance]Yahoo! Finance
- Canada unions brace for 2025 labor crunch in oil sands maintenance season [Reuters]Reuters
- Suncor Energy Inc. (NYSE: SU) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
- Higher oil doesn't shake industry talk on spending discipline at CAPP conference [BNN Bloomberg (Canada)]BNN Bloomberg
- Higher oil doesn't shake industry talk on spending discipline at CAPP conference [Financial Post (Toronto, Ontario, Canada)]Financial Post
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