Suncor

Suncor can rightfully claim to have pioneered the Canadian oil sands forging the path that led the industry to where it stands today. SU today issued the following statement in response to the letter it received this morning from Elliott Investment Management LP.

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Suncor rose 64 per cent in early trading Thursday after Elliotts letter was released to 4484 at 934 am.

. Suncor rose 64 in early trading Thursday after Elliotts letter was released to C4484 at 934 am. Suncors Base Plant was the first commercially successful large-scale oil sands project when it came online in 1967 and it was the largest private sector investment in Canadian history at the time. Explores acquires develops produces transports refines and markets crude oil in Canada and internationally.

Elliott flagged several operational and safety issues which have plagued the business in recent years in a letter to Suncor. The Motley Fool. Suncor looks forward to engaging with Elliott in due course to better understand.

Suncors shares jumped after the Florida-based hedge fund which holds a 34-per-cent stake in the Canadian oil and gas producer said it. ElliottThe Suncor Board and management team have received the letter and materials from Elliott. Canadas main stock index rallied on Thursday as technology shares basked in the glow of Facebook-parent Meta Platforms upbeat earnings while sharp gains for Suncor Energy boosted the energy sector.

Suncor shares were up 377 or about nine per cent at 4592 in early trading on the Toronto Stock Exchange on Thursday. Suncor can rightfully claim to have pioneered the Canadian oil sands forging the path that led the industry to where it stands today. Find the latest Suncor Energy Inc.

And is calling for a review of the companys executive leadership. Suncor should review whether it can unlock the value of assets outside the oilsands business including its retail network of gas stations Elliott said. Suncors board and management team appreciates the views of its shareholders and will take the time to carefully assess the recommendations and materials provided with a view to enhancing shareholder and other stakeholder value the company said in an emailed statement.

Suncor looks forward to engaging with Elliott in due course to better understand. Suncors stock price jumped 95 on the news and is now up 40 since January. This report by The Canadian Press was first published April 28 2022.

Operates as an integrated energy company. The company primarily focuses on developing petroleum resource basins in Canadas Athabasca oil sands. The Toronto Stock Exchanges SPTSX composite index ended up 37683 points or 18 at 2112106 its biggest gain since Dec.

Suncor appreciates the views of its shareholders and will. - April 28 2022 - Suncor TSX. The full upside of a restructuring plan would put Suncors.

Suncors Base Plant was the first commercially successful large-scale oil sands project when it came online in 1967 and it was the largest private sector investment in Canadian history at the. The post Suncor Energy vs. Markets petroleum and petrochemical products under the Petro-Canada name.

Elliott Investment Management is seeking changes to the board of directors at Suncor Energy Inc. Which Oil Stock Is Better. Calgary Alberta--Newsfile Corp.

Most Read from BloombergFour European Gas Buyers Made Ruble Payments to RussiaA Powerful Dynasty Bankrupted Sri Lanka in Just 30. It is a market risk-on day. Suncors board and management team appreciates the views of its shareholders and will take the time to carefully assess the recommendations and materials provided with a view to enhancing shareholder and other stakeholder value the company said in an emailed statement.

In the years following Suncor continued to grow and expand its operations both organically and through well-timed transactions. Suncors oil sands peers have seen their share prices soar 50-100 above their pre-pandemic levels so a move to 65 or 70 wouldnt be a. But rivals Cenovus Energy and Canadian Natural Resources posted.

Suncor Energy Inc. Bloomberg -- Activist investor Elliott Investment Management LP is taking aim at Canadian oil producer Suncor Energy Inc calling for the company to add five new directors and conduct a review of management and its assets. SU stock quote history news and other vital information to help you with your stock trading and investing.

Which Oil Stock Is Better. Suncor shares jumped 12 on the news of the Elliott stake. Enbridge TSXENBNYSEENB and Suncor Energy TSXSUNYSESU are two popular dividend-paying oil stocks.

In a letter to. Appeared first on The Motley Fool Canada. Five Suncor employees making a huge difference in their communities.

Suncor has not replied to a request for comment. Activist investor Elliott Investment Management is seeking changes to the board of directors at Suncor Energy Inc. Suncor should review whether it can unlock the value of assets outside the oil.

2 Top Canadian Energy Stocks to Own in 2022. A processing unit at Suncor Fort Hills facility in Fort McMurray Alta on September 10 2018. Bringing seniors together with their loved ones virtually connecting refugees with critical resources cultivating safe communities and braving wildfires are examples of empathy in action demonstrated by all five of the 2022 SunCares Changemakers.

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