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Stock impact report

Venezuela's oil is coming back. So, stick with Suncor [Globe and Mail, The (Toronto, 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
Listen to this article Learn more about audio Log in or create a free account to listen to this article. Then, behold the advantages of the Canadian producer. But the case for Suncor has little to do with fuzzy national pride. Instead, it rests on attractive features such as stronger profitability, fatter margins and the fact that the oil market sorta shrugged over this latest geopolitical upheaval. This week, though, investors weren't so sure. Mr. Trump's ouster of Venezuelan leader Nicolas Maduro was the starting point for some serious uh-oh moments. Don't expect a big gush of Venezuelan oil onto world markets any time soon Then, in a series of increasingly dictatorial announcements, Mr. Trump said the U.S. would take control of Venezuela's oil industry “indefinitely” and send sanctioned oil to U.S. refineries on the Gulf Coast. The stock market reflected the fear of Canadian crude getting sidelined, adding to concerns about a global glut, which has driven the pri Show less Read more
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