Stocks Suncor Energy Inc

  • Dow futures add 200-plus points after China data Tuesday, 19 Jan 2016 | 7:42 AM ET
    An investor observes stock market at a stock exchange hall in Fuyang, Anhui Province of China.

    U.S. stock futures were sharply higher this morning, after Chinese stocks gained 3.2 percent overnight, on data that showed China's economy grew in-line with expectations.

  • Dec 1- Canadian Oil Sands Ltd set a 2016 capital expenditure budget that was 35 percent lower than what it expected to spend this year, becoming the latest North American energy company to further tighten its belt as oil prices slump. Canadian Oil Sands said lower production costs at the Syncrude oil sands project- Canada's largest single-source producer of...

  • Dec 1- Canadian Oil Sands Ltd set a capital expenditure target of C $295 million for 2016, down about 35 percent from the estimated budget for 2015, saying the Syncrude oil sands project would help raise output at lower costs. "Syncrude's ability to reduce costs and respond to the lower oil price environment is exceeding market expectations," Canadian Oil Sands...

  • CALGARY, Nov 23- The Canadian province of Alberta, holder of the world's third-largest oil reserves, has proposed a new climate change plan that will give efficient oil-producing companies room to grow while cutting carbon emissions, experts and stakeholders said on Monday. It also came as Prime Minister Justin Trudeau met with provincial and territorial...

  • CALGARY, Nov 22- The Canadian province of Alberta, home to the country's controversial oil sands, said on Sunday it will implement an economy-wide tax on carbon emissions in 2017, addressing long-standing criticism it is not doing enough to combat climate change. "Alberta is showing leadership on one of the world's biggest problems." Alberta has the world's...

  • Kevin O'Leary's Top Oil Plays Friday, 20 Nov 2015 | 1:48 PM ET
    Kevin O'Leary

    Kevin O'Leary's shares his top energy play

  • CALGARY, Nov 18- Canada's oil-rich province of Alberta is making a credible shift toward a low carbon economy, Canadian Environment and Climate Change Minister Catherine McKenna said on Wednesday, as her government prepares for the upcoming Paris climate talks. Alberta is expected to unveil a climate change strategy within the next week offering details of...

  • CALGARY, Alberta, Nov 12- Canadian energy companies, especially those at higher cost oil sands producers, are signaling they will cut capital spending for a second straight year in 2016 as they adjust to a painful new reality of oil near $40 a barrel. Cenovus estimates capital spending between C $1.5- C $2.0 billion versus C $1.8- $1.9 billion in 2015. Chief...

  • TORONTO, Nov 9- Canada's main stock index closed at its weakest level in more than five weeks on Monday, pressured by global growth concerns, sustained pressure on crude prices, and anticipation of a December rate hike from the Federal Reserve. The most influential downward force was Brookfield Asset Management Inc, which declined 5.6 percent to C $43.25 after...

  • CALGARY, Alberta, Nov 5- TransCanada Corp said on Thursday it has scrapped plans to build a port in Quebec and will have only one crude oil export terminal for its proposed Energy East pipeline, a possible setback for the controversial project. The move comes days after TransCanada asked the U.S. State Department to pause its review of the company's long-delayed...

  • CALGARY, Alberta, Nov 5 (Reuters)- TransCanada Corp scrapped plans to build a port in Quebec and said on Thursday it will have only one export terminal for its Energy East pipeline project. Calgary- based TransCanada had originally planned to build two ports for shipping crude overseas- one at the pipeline terminus in St John, New Brunswick, and the other in Cacouna,...

  • Lipow: Is oil ready for a rebound? Monday, 2 Nov 2015 | 12:10 PM ET
    Crude oil refinery

    While some might see crude oil falling to $30 or less, I think market sentiment may be starting to change, says Andy Lipow. Here's why.

  • TORONTO, Oct 29- Canada's main stock index fell on Thursday, with sliding commodity prices hurting miners, while Bombardier Inc plunged after reporting a massive quarterly loss and Potash Corp fell on trimmed earnings and sales forecasts. Bombardier shed 15.5 percent to C $1.36 after the Montreal- based plane and train maker said the Quebec government will...

  • UPDATE 1-TransCanada to cut more management jobs Wednesday, 21 Oct 2015 | 11:51 AM ET

    CALGARY, Alberta, Oct 21- Pipeline company TransCanada Corp has announced new job cuts, eliminating about 20 percent of its directors as slumping oil prices continue to take their toll on its customers, a spokesman said on Wednesday. TransCanada laid off 185 people from its major projects division in June, joining several other Calgary- based energy companies,...

  • CALGARY, Alberta, Oct 14- Alberta's left-leaning New Democratic Party government said on Wednesday it was reaching out to prominent energy and other industry executives for advice to revamp the western Canadian province's struggling economy. But Premier Rachel Notley said some industry executives would be part of a 10- person panel that would meet about...

  • Best stocks to buy if the oil bottom is in Wednesday, 7 Oct 2015 | 3:23 PM ET
    A Suncor refinery in Edmonton, Alberta.

    If oil has bottomed, certain Canadian energy stocks could offer some of the highest returns on the recovery.

  • CALGARY, Alberta, Sept 30- Canadian regulators approved the hydrotest results of Enbridge Inc's Line 9 crude oil pipeline on Wednesday, clearing the way for the delayed 300,000- barrel-per-day route to the east of the country to start operating. Enbridge is also required to limit the pressure of the pipeline for its first year of operation.

  • CALGARY, Alberta, Sept 24- Pipeline company TransCanada Corp will cut 20 percent of its senior management positions as a continuing slump in oil prices has necessitated cost reductions, with further staff cuts possible in the future, a company spokesman said on Thursday. TransCanada laid off 185 people from its major projects division in June, joining several...

  • LONDON, Sept 23- A planned shutdown of Britain's North Sea Buzzard oilfield is likely to be rescheduled to November from October, an industry source said, which would boost next month's supply of the crude that helps underpin the Brent benchmark. Buzzard is operated by Nexen, a unit of Chinese state company CNOOC. Other field partners are Suncor Energy Inc and...

  • CALGARY, Alberta, Sept 21- French oil company Total, which is trimming its exposure to Canadian oil sands projects amid a slump in oil prices, said Monday it had sold a tenth of its Fort Hills oil sands project in northern Alberta to Canada's Suncor Energy. Suncor expects to spend an additional C $1 billion on Fort Hills as a result of the deal, including C $700 million...