|Bid||32.20 x 2200|
|Ask||33.17 x 900|
|Day's Range||31.80 - 32.34|
|52 Week Range||31.33 - 42.55|
|Beta (3Y Monthly)||1.16|
|PE Ratio (TTM)||14.18|
|Forward Dividend & Yield||1.09 (3.32%)|
|1y Target Est||42.83|
Only one field has restarted service in the storm’s wake, while another is battling an oil leak. Waters off the province of Newfoundland and Labrador host four producing fields -- Hibernia, Terra Nova, White Rose and Hebron -- which yielded over 150,000 barrels of crude a day in September, according to the Offshore Petroleum Board. Only Hebron has resumed operations, according to Lynn Evans, a spokeswoman for operator Exxon Mobil Canada.
Albertan oil producers need to become warier of overbooking already filled to capacity oil pipelines creating what’s commonly called “air barrels” as these contribute to the huge discount Canadian crude is trading at to WTI and other benchmarks
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ExxonMobil (XOM) stock is covered by 23 Wall Street analysts, six (or 26%) of whom have assigned given it “buy” or “strong buy” ratings. ExxonMobil’s mean target price of $90 per share implies a potential 15% gain from its current level. ExxonMobil’s financials are stronger than those of its peers in the industry.
Cenovus Energy Inc. is also publicly advocating for a forced cut. The producers called on Rachel Notley to invoke a provincial government power to force “curtailment,” the people said, at a time when Canadian heavy crude is selling for a near-record discount from U.S. benchmark prices, costing Alberta billions. Notley’s government has publicly lowered expectations for intervention.
Suncor Energy’s Board of Directors has approved a quarterly dividend of $0.36 per share on its common shares, payable December 24, 2018 to shareholders of record at the close of business on December 3, 2018. Suncor also announced today that the Toronto Stock Exchange (TSX) accepted a notice filed by Suncor of its intention to amend its existing normal course issuer bid (the NCIB) effective as of November 19, 2018 to purchase common shares through the facilities of the TSX, New York Stock Exchange and/or alternative trading platforms.
Key InsightsSuncor is handing the reins to a familiar face, who may continue Suncor’s acquisition strategy. Little joined the company in 2008, and one of his first tasks was to integrate the company’s acquisition of the Petro-Canada gas station business.
Suncor Energy Inc said on Wednesday its chief executive will retire mid-next year, with the company's chief operating officer taking over the top job at that time. Steve Williams, who has been with the company for 16 years and CEO since 2012, will step down after Suncor's Annual General Meeting in May 2019, the Calgary-based company said. "He has significant experience, business acumen, passion and energy which will serve him and Suncor well." Suncor is Canada's second-largest energy producer, with a diversified portfolio of oil sand operations and refineries.
Steve Williams, who has been with the company for 16 years and CEO since 2012, will step down after Suncor's Annual General Meeting in May 2019, the Calgary-based company said. Suncor is Canada's second-largest energy producer, with a diversified portfolio of oil sand operations and refineries.
Suncor today announced that Steve Williams will retire as chief executive officer at the company's Annual General Meeting on May 2, 2019. Mark Little, chief operating officer is appointed president effective immediately and will assume the role of chief executive officer upon Williams’ retirement next May. “Steve has demonstrated exceptionally strong leadership as president and chief executive officer at Suncor,” said Mike Wilson, chair of Suncor’s Board of Directors.
Suncor, and its Petro-Canada brand, today affirmed support of the City of Calgary’s bid to host the 2026 Olympic and Paralympic Winter Games. “The Games and our Team Canada athletes capture people’s imaginations, ignite an unparalleled sense of pride and provide an opportunity to unite communities across our country,” said Steve Williams, president and chief executive officer, Suncor.
Imperial Chief Executive Officer Rich Kruger puts the rationale for the C$2.6 billion ($2 billion) Aspen project in northern Alberta down to building when others aren’t to save money. The decision comes in stark contrast to moves by Royal Dutch Shell Plc. and ConocoPhillips to sell oil-sands assets, and by locals like Cenovus Energy Inc. and Canadian Natural Resources Ltd. that are curtailing production to weather rock-bottom prices. Imperial is looking at ways to process more heavy crude at its refineries and could place some of the new production in Enbridge Inc.’s Line 3, the one export pipeline that’s under construction and scheduled to be completed late next year.
Suncor announced today that Jacynthe Côté will be stepping down from Suncor’s Board of Directors effective immediately. "Jacynthe has been a valued member of our Board, serving as a member of our audit committee and our environment, health, safety and sustainable development committee,” said Mike Wilson, chair of Suncor’s Board of Directors. “Since she joined our Board in February 2015, she’s leveraged her significant mining industry experience, lending strategic insights and guidance on Suncor’s business strategy.
NEW YORK, Nov. 06, 2018 -- In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors,.
In the previous part of this series, we looked at Wall Street’s ratings for Chevron (CVX). In this part, we’ll look at changes in Chevron’s implied volatility. We’ll also estimate Chevron’s stock price range for the seven-day period ending November 9.
While the rest of the world is bearing the brunt of high oil prices, Canadian drillers continue to suffer from record-low prices for their heavy crude
We started this series by examining ExxonMobil’s (XOM) segmental earnings in the third quarter. We discussed ExxonMobil’s stock performance after its third-quarter earnings release on November 2. In this part, we’ll evaluate analysts’ ratings for ExxonMobil after its third-quarter earnings.
In this series, we’ve looked at Chevron’s (CVX) Q3 2018 earnings by segment. We also discussed Chevron’s stock performance since its earnings release on November 2. Now, we’ll look at the Wall Street ratings for the stock.
Chevron (CVX) announced its Q3 2018 results on November 2. The stock opened at $114.9 per share, which was higher than its previous close of $111.2. This rise could be because Chevron’s Q3 2018 earnings surpassed Wall Street’s estimate. The stock saw a high of $117.1 and a low of $113.1 during the day. Eventually, CVX closed at $114.7—around 3.2% higher than the previous day’s close.
Instead of being a victim of low Canadian oil prices, Suncor Energy takes full advantage of the situation with its integrated business model.
Suncor's (SU) third quarter delivers better-than-expected earnings on improved commodity price realizations, higher refining margins, along with robust production volumes from Hebron and Fort Hills.
Royal Dutch Shell (RDS.A) announced earnings on November 1 before the market opened. Shell stock opened at $63.5 per share—a bit higher than the previous close of $63.2. Eventually, Shell stock closed at $63.2, which was ~0.1% lower than the previous day’s close. The decline could be due to Shell’s third-quarter earnings, which missed analysts’ estimate.