'Elevated risk, elevated reward': Suncor faces scrutiny ahead of Q3 earnings

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Questions arise as Suncor searches for a new CEO and embarks on a mission to address oilsands safety and production issues. Read more.

for $1 billion in cash, boosting the company’s aggregate share in the project to more than 75 per cent — a strategic move that analysts largely welcomed as consistent with Suncor’s long-term aims to consolidate and optimize its oilsands assets.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails. Postmedia Network Inc.

while the board of directors continues its search — and without a CEO at the helm, there is still significant uncertainty surrounding the company, said Rafi Tahmazian, partner and senior portfolio manager at Canoe Financial LP.Article content “I would say this has definitely elevated reward, but it has elevated risk. Until we start filling in who these people are and what they’re going to do. I’m not prepared to say that they can’t do it or can until we see who’s going to be the person, the maestro at front of the orchestra.”

 

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'Elevated risk, elevated reward': Suncor faces scrutiny ahead of Q3 earningsQuestions arise as Suncor searches for a new CEO and embarks on a mission to address oilsands safety and production issues. Read more.
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'Elevated risk, elevated reward': Suncor faces scrutiny ahead of Q3 earningsQuestions arise as Suncor searches for a new CEO and embarks on a mission to address oilsands safety and production issues. Read more.
Источник: fpinvesting - 🏆 43. / 63 Прочитайте больше »