|Bid||0.00 x 4000|
|Ask||0.00 x 3100|
|Day's Range||17.77 - 18.29|
|52 Week Range||9.61 - 34.56|
|Beta (5Y Monthly)||1.70|
|PE Ratio (TTM)||8.06|
|Forward Dividend & Yield||0.60 (3.39%)|
|Ex-Dividend Date||Jun. 03, 2020|
|1y Target Est||42.83|
Over a fifteen year stretch, LanzaTech has developed technologies that can turn carbon emissions into ethanol that can be used for chemicals and fuel. Today, the company announced the spinout of LanzaJet alongside its corporate partners Mitsui, Suncor, and All Nippon Airways, to bring sustainable aviation fuel to the commercial market. The new company has launched with commitments from the Japanese trading and investment company, Mitsui & Co. and Canadian oil and gas producer Suncor Energy to invest $85 million to back the first pilot and development scale facilities that LanzaJet will be constructing.
TORONTO — Some of the most active companies traded Tuesday on the Toronto Stock Exchange:Toronto Stock Exchange (15,394.36, up 158.15 points.)Baytex Energy Corp. (TSX:BTE). Energy. Up 15 cents, or 34.09 per cent, to 59 cents on 16.2 million shares.Suncor Energy Inc. (TSX:SU). Energy. Up 88 cents, or 3.69 per cent, to $24.73 on 13.7 million shares.Royal Nickel Corp. (TSX:RNX). Materials. Down one cent, or 1.89 per cent, to 52 cents on 9.8 million shares.HEXO Corp. (TSX:HEXO). Health care. Down five cents, or 5.38 per cent, to 88 cents on 9 million shares.BlackBerry Ltd. (TSX:BB). Technology. Up 57 cents, or 8.55 per cent, to $7.24 on 7.4 million shares.Bombardier Inc. (TSX:BBD.B). Industrials. Down half a cent, or 1.11 per cent, to 44.5 cents on 6.9 million shares.Companies in the news:BCE Inc. (TSX:BCE). x. Huawei Technologies Inc.'s ambitions to be a player in Canada's 5G network took a major hit Tuesday as two of the country's three largest telecom companies announced partnerships with the Chinese tech giant's European rivals. Bell Canada announced Tuesday morning that Sweden-based Ericsson will be its second supplier of the radio access network equipment that has been Huawei's main product line in Canada since entering the market in 2008. Later in the day, Telus Corp. announced that it had also selected Ericsson, as well of Nokia of Finland, as suppliers for its 5G networks. Air Canada (TSX:AC). X. Air Canada has raised $1.59 billion from share and debt offerings intended to offset some of the carrier's losses from the COVID-19 pandemic. The company said Tuesday it sold 35.4 million voting shares at $16.25 apiece for gross proceeds of $575.6 million. It also issued $1.02 billion in convertible senior unsecured notes due in 2025, well above its initial plan for about $540 million. The financing proceeds help to bolster Air Canada's liquidity after confinement measures and border shutdowns "destroyed demand and depleted cash," chief financial officer Michael Rousseau said in a release.Molson Coors Beverage Co. (TSX:TPX.B). x. Molson Coors Beverage Co. will eliminate about 190 temporary and permanent jobs in Quebec by the end of 2021 following its move to a new brewery complex south of Montreal. The company told employees Tuesday that the more automated facility being built in Longueuil will have new technologies that will improve its efficiency. Molson says 87 permanent and 101 temporary employees will be affected over the next 20 months. Teamsters union spokesman Stephane Lacroix says workers are in limbo because several details about the plant's restructuring still have to be clarified.This report by The Canadian Press was first published June 2, 2020.The Canadian Press
LanzaTech, a leading biotech company and carbon recycler, has successfully launched LanzaJet, Inc., a new company that will produce sustainable aviation fuel (SAF) for a sector requiring climate friendly fuel options as it starts to recover from the impacts of COVID-19. With its approach to commercialization of SAF, LanzaJet is creating regional jobs while enabling global decarbonization of the aviation sector. Canada's leading integrated energy company, Suncor Energy Inc., and leading Japanese trading and investment company, Mitsui & Co., Ltd. (Mitsui), are investing $15 million and $10 million, respectively, to establish LanzaJet.
Many Canadian oil and gas bigwigs have almost doubled since the COVID-19 crash in March. Do you own these in your portfolio?The post 2 Canadian Giants Doubled Since the COVID-19 Crash -- Should You Buy? appeared first on The Motley Fool Canada.
Low-carbon technologies could disrupt global oil demand in the not-too-distant future the way COVID-19 crushed demand during the lockdowns worldwide
We asked our freelance writers to share their top TSX stock picks for June - their picks include Lightspeed POS (TSX:LSPD), Restaurant Brands International (TSX:QSR)(NYSE:QSR), and Canadian Pacific Railway Ltd. (TSX:CP)(NYSE:CP).The post Top TSX Stock Picks for June appeared first on The Motley Fool Canada.
The shift to electric vehicles and other low-carbon technologies could disrupt crude oil demand on a similar scale to the coronavirus pandemic, Suncor Energy Inc's <SU.TO> chief executive said on Monday. The comments are a stark prediction in an industry that frequently downplays the impact of electrification and points to forecasts of rising global oil demand to justify new investment and pipeline expansions. Canada is the world's fourth-largest oil producer and the sector accounts for 10.6% of the country's gross domestic product.
Dividend stocks provide a reliable source of income. But you still need to do a deep dive into company financials to see if the payouts are safe and sustainable. The post 3 Dividend Facts Every Income Investor Should Know appeared first on The Motley Fool Canada.
Warren Buffett has backtracked on some calls this spring, but I’m still bullish on his recent purchases, like Suncor Energy Inc. (TSX:SU)(NYSE:SU).The post 2 Warren Buffett TSX Stocks to Buy Before Summer appeared first on The Motley Fool Canada.
After selling airline stocks and keeping the Suncor Energy stock, investors are eagerly waiting the next moves of Warren Buffett. The value investor has US$137 billion in cash to invest.The post The World Is Watching Warren Buffett’s Latest Moves appeared first on The Motley Fool Canada.
Suncor (TSX:SU) and Enbridge (TSX:ENB) are leaders in the energy sector. Which stock should you buy?The post Should You Buy Suncor (TSX:SU) or Enbridge (TSX:ENB) Stock Right Now? appeared first on The Motley Fool Canada.
You may think the market crash is behind us, but unfortunately it could be a long time before we see a true market rebound happen.The post Stock Market Crash Round 2: Here’s What’s Coming appeared first on The Motley Fool Canada.
Warren Buffett owns 10.8 million shares of Suncor Energy Inc. (TSX:SU)(NYSE:SU). Should you join him by investing a few thousand dollars?The post Should You Follow Warren Buffett and Invest $2,000 in Suncor (TSX:SU) Stock? appeared first on The Motley Fool Canada.
This TSX energy stock is well placed compared to peers if the crude oil price drops again. Its dividends and valuation stand tall in the sector. The post 1 TSX Energy Stock to Take Shelter With as Oil Price Rally Peaks appeared first on The Motley Fool Canada.
Warren Buffett isn't known for buying Canadian stocks, but he does own a few, like Restaurant Brands International Inc (TSX:QSR)(NYSE:QSR).The post Warren Buffett Owns These 2 Canadian Stocks: Should You? appeared first on The Motley Fool Canada.
Could the current market volatility be the last time Warren Buffett displays his investing prowess? Let’s discuss that and look at the Suncor, a Buffett stock, while we are at it.The post Warren Buffett: Is This His Last Dance? appeared first on The Motley Fool Canada.
Despite the declining year-over-year revenues and earnings, Canadian Natural Resources Ltd. (TSX:CNQ)(NYSE:CNQ) is committed to maintaining its dividend.The post Dividend Investors: Will This Energy Stock Cut Its 6.6% Dividend Yield? appeared first on The Motley Fool Canada.
With Suncor cutting its dividends, you need to choose between holding this Warren Buffett stock or selling it.The post This Warren Buffett TSX Oil Stock Slashed its Dividends by 55% appeared first on The Motley Fool Canada.
As oil prices soar, buy quality energy stocks Enbridge, Suncor, and Canadian Natural Resources for strong portfolio returns.The post Oil Prices Soar: 3 Top Energy Stocks to Buy Now appeared first on The Motley Fool Canada.
Suncor (TSX:SU)(NYSE:SU) is up 60% in the past two months. Are more big gains on the way for this Canadian oil stock?The post Suncor (TSX:SU) Stock Rally: Are Investors Too Optimistic? appeared first on The Motley Fool Canada.
Suncor Energy Inc. (TSX:SU)(NYSE:SU) and another cheap dividend stock that investors should strongly consider adding to their TFSAs for tax-free income.The post CRA Can't Tax This Income: 2 TFSA Top Picks for Tax-Free Dividends appeared first on The Motley Fool Canada.
Recovering oil demand makes a strong case for buying Canada's top oil stocks, which are better positioned to weather this storm.The post Top Canadian Oil Stocks Are Rebounding: Time to Buy? appeared first on The Motley Fool Canada.
Rising jet fuel prices could potentially thwart Air Canada’s recovery before it even begins to take shape.The post Is Air Canada (TSX:AC) Going to Get Swept Up in the Oil Price Recovery? appeared first on The Motley Fool Canada.
The oil rally augurs well for stocks in the energy sector. However, taking a position is still risky because the market is far from stable. Investors should twice about investing in the Suncor Energy stock. The slump of the oil sands king could last for three more years.The post Oil Rally 2020: Should You Buy Suncor (TSX:SU)? appeared first on The Motley Fool Canada.