Suncor has one of the strongest balance sheets in the oil patch, and management is taking advantage of the position to add new assets, while the broader energy market is still struggling. The company has increased its ownership of Syncrude to more than ...
CALGARY - Suncor Energy Inc (SU.TO), Canada's largest oil and gas company, reported a better-than-expected third-quarter profit on Wednesday thanks to strong upstream production, lower operating costs and record crude throughput at its refineries.
On Thursday, a deluge of third-quarter earnings brought a new boss at Husky Energy Inc., the head of Suncor Energy Inc. casting a skeptical eye on further M&A action and Cenovus Energy Inc. striving to tamp costs down further.
Canada's dominant oil sands producer said OPEC's move to tamp production after two years of pumping flat out shows the cartel has reached a point of maximum pain, setting the stage for an eventual price recovery.
TORONTO/CALGARY (Reuters) - Suncor Energy Inc SU.TO is weighing the sale of its Petro-Canada retail gasoline station business in order to monetize the asset, according to two sources familiar with the situation.