Oil Rises Most In A Month Amid Heightened Worldwide Supply Risks [Investor's Business Daily]
Suncor Energy Inc. (SU)
Last suncor energy inc. earnings: 2/5 07:15 pm
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Source: Investors Business Daily
Crude jumped the most in more than a month as concern that a key Canadian facility won't return to full production as quickly as expected joined a glut of supply concerns globally. Futures in New York advanced 2.1% in New York on Monday amid concerns that supplies from Suncor Energy 's ( SU ) Syncrude facility may be crimped further. Threats elsewhere included an imminent labor strike in North Sea oilfields and Saudi Arabia's suspension of shipments through a key Red Sea transit route. "Each incremental noise point is going to have a little bit of an offsetting impact," said Matthew Beck, managing director of an $8 billion portfolio at John Hancock Financial Services Inc. in Boston. Together, they have "alleviated some folks' concerns over just continuing increasing supply beyond demand needs," he said. Although trade tensions between the U.S. and China pushed oil lower for much of this month, Barclays PLC warned of "significant upside risk" for prices in the fourth quarter as sanctio
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SU
News
- 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
- Tuesday's analyst upgrades and downgrades [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