|Day's Range||2.1700 - 2.5900|
CALGARY — U.S. oil company ConocoPhillips said Friday it will exercise its right of first refusal and purchase TotalEnergies' 50 per cent stake in the Surmont oilsands project for $4 billion. The Houston-based oil company is currently the operator and the 50 per cent owner of the in situ oilsands asset near Fort McMurray, Alta. In a news release, ConocoPhillips' CEO Ryan Lance said Surmont is an important asset within the company's diverse, low-cost portfolio. "We look forward to leveraging our
TORONTO — Some of the most active companies traded Friday on the Toronto Stock Exchange: Toronto Stock Exchange (NUMBER, up or down NUMBER): Manulife Financial Corp. (TSX:MFC). Finance. Up 34 cents, or 1.35 per cent, to $25.53 on 14.2 million shares. Suncor Energy Inc. (TSX:SU). Energy. Up seven cents, or 0.18 per cent, to $38.86 on 11.0 million shares. Enbridge Inc. (TSX:ENB). Energy. Down seven cents, or 0.14 per cent, to $48.85 on 9.1 million shares. Canadian Natural Resources Ltd. (TSX:CNQ).
(Bloomberg) -- ConocoPhillips exercised its right to acquire TotalEnergies SE’s 50% stake in the Surmont oil-sands field for as much as $3.33 billion, giving it full control of the Canadian operation and thwarting efforts by Suncor Energy Inc. to buy into the site.Most Read from BloombergEmerging US Debt Deal Would Raise Limit, Cap Spending for Two YearsEurope’s Economic Engine Is Breaking DownCathie Wood’s ARKK Dumped Nvidia Stock Before $560 Billion SurgeCredit Suisse Loses Singapore Case Agai
Calgary, Alberta--(Newsfile Corp. - May 26, 2023) - Suncor Energy (TSX: SU) (NYSE: SU) ("Suncor") announced that it has been notified that ConocoPhillips Canada ("ConocoPhillips") has elected to exercise their right of first refusal with respect to TotalEnergies' 50% working interest in the Surmont asset. Suncor's agreement to close the transaction to acquire TotalEnergies' Canadian operations was conditional upon ConocoPhillips waiving its right of first refusal in respect of the Surmont workin
As a mechanical engineer and the General Manager of Maintenance and Reliability for Suncor's Base Plant Upgrading in Fort McMurray, Alta., Isabelle Varney knows firsthand what can be accomplished when women working in male-dominated roles and sectors, like energy, band together to share their successes.
Suncor and BCE are down in recent weeks. Is one stock now oversold and good to buy? The post Better Buy: Suncor Stock or BCE Stock? appeared first on The Motley Fool Canada.
The Fort Hills Cares Committee, a group made up of frontline workers and management representatives at our Fort Hills operations, has led a renewed focus on health and safety priorities across the site.
Here's a high-level overview of the advantages and disadvantages of investing in Canada's oil sands with Suncor. The post Suncor Energy: The Pros and Cons of Investing in Canada’s Oil Sands appeared first on The Motley Fool Canada.
Certain TSX stocks, like Suncor Energy stock, are currently trading at rock-bottom valuations, despite strong fundamentals. The post 5 Undervalued Canadian Value Stocks to Watch in Spring 2023 appeared first on The Motley Fool Canada.
Suncor Energy (SU) anticipates production and capital spending in the range of 740,000-770,000 boe/d and C$5.4-C$5.8 billion, respectively, for 2023.
Investors on the hunt for discounts should look to snatch up undervalued dividend stocks like Suncor Energy Inc. (TSX:SU) and others in late May. The post 3 Canadian Dividend Stocks That Are Undervalued and Ready to Soar appeared first on The Motley Fool Canada.
Suncor Energy (SU) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Falling oil prices have suppressed profitability at companies like Suncor Energy Inc (TSX:SU). The post Oil Stocks: Is it Game Over? appeared first on The Motley Fool Canada.
While Suncor Energy Inc. ( TSE:SU ) shareholders are probably generally happy, the stock hasn't had particularly good...
Beginner investors can feel good about targeting blue-chip TSX stocks like Royal Bank of Canada (TSX:RY) and others in a turbulent market. The post Beginners: 3 TSX Stocks to Set and Forget Until 2030 appeared first on The Motley Fool Canada.
Created in 1998, the Suncor Energy Foundation (SEF) is a private, charitable foundation established by Suncor in 1998.
The company informed the regulator on May 13 that the birds were found at its Syncrude Mildred Lake Settling Basin, AER said in a post on its website. The deceased birds at Syncrude included seven Grebes, with another five of the endangered bird species being found at the Millennium Mine site tailings pond at Suncor Base Plant. The Western Grebe, facing the danger of becoming extinct, is listed as "special concern" in Canada and as "threatened" in Alberta.
Here's why Suncor (TSX:SU) and Cenovus (TSX:CVE) are two top Canadian oil stocks that long-term investors should be watching. The post Where to Invest in Oil Stocks in May 2023 appeared first on The Motley Fool Canada.
These top TSX dividend stocks trade at discounted prices. The post 3 Top TSX Dividend Stocks on Sale for May 2023 appeared first on The Motley Fool Canada.
Three TSX value stocks worth a look, given their healthy growth prospects and attractive valuation. The post These 3 TSX Value Stocks Look Like a Steal Today appeared first on The Motley Fool Canada.
They're not only two of the biggest companies in the Canadian energy sector, but they’re also two of the biggest in the entire Canadian market. The post <strong>Better Buy: Suncor Stock vs. Canadian Natural Resources [PREMIUM ANALYSIS]</strong> appeared first on The Motley Fool Canada.
Dividend earners with limited capital can build a bulletproof passive income portfolio with two quality stocks. The post How to Build a Bulletproof Passive Income Portfolio With Just $15,000 appeared first on The Motley Fool Canada.
Energy stocks like Cenovus Energy are beginning to look like attractive dip buys. The post 3 Top TSX Energy Stocks to Buy on the Dip appeared first on The Motley Fool Canada.
Suncor and Baytex are former darlings of the energy patch. The post Better Buy: Suncor Stock or Baytex Energy Stock? appeared first on The Motley Fool Canada.
NORTHAMPTON, MA / ACCESSWIRE / May 11, 2023 / Suncor Energy Originally published on May 5, 2023 Lana Hill, who is a trusted advisor to many young Indigenous people in Fort McMurray Wood Buffalo, holds her own teenage daughter closer each time ...