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

  • 📰 fpinvesting
  • ⏱ Reading Time:
  • 27 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 63%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

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.”

 

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

 /  🏆 43. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

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

U.S. futures decline ahead of Fed rates decision, earningsWall Street futures pointed modestly lower and world stock markets were mixed on Monday ahead of what is expected to be a Federal Reserve decision this week to raise interest rates again.
Source: CTVNews - 🏆 1. / 99 Read more »

The Week Ahead: Earnings from Rogers; Canadian labour force survey - BNN BloombergA look at what investors will be watching in the upcoming week
Source: BNNBloomberg - 🏆 83. / 50 Read more »