Strong Suncor earnings a sign energy sector has turned a corner: portfolio manager

  • 📰 BNNBloomberg
  • ⏱ Reading Time:
  • 8 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 6%
  • Publisher: 50%

Business News News

Business Business Latest News,Business Business Headlines

A strong earnings report from Suncor Energy Inc. this morning is a sign that the outlook for Canada’s energy sector has turned a corner and is in an upturn, according to one portfolio manager.

Zoe Pierson, BNN BloombergDavid Szybunka, portfolio manager and managing director at Canoe Energy says Suncor’s earnings were strong on every front and there are many reasons for optimis

The stock is up 27 per cent year-to-date but Szybunka says there’s plenty more room to run based on the company’s financial performance.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 83. in BUSİNESS
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Canadian oil stocks set for 'unapologetically bullish' Q3 earnings: AnalystsSuncor Energy, MEG Energy, and Cenovus Energy are among the top stock picks.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Suncor Energy earnings rise to $2B in 3rd quarterSuncor says its upstream production for the quarter totalled approximately 828,600 barrels of oil equivalent per day.
Source: GlobalCalgary - 🏆 50. / 61 Read more »

Suncor Energy earnings rise to $2.02 billion in third quarterCALGARY — Suncor Energy Inc. says it earned $2.02 billion in its third quarter, up from $1.54 billion a year earlier. The Calgary-based oil giant says its earnings work out to $1.59 per common share, up from $1.19 during the same quarter last year.
Source: SooToday - 🏆 8. / 85 Read more »