Posted by Jason Smith at 1:15PM on July 28th
Shares of Suncor Energy (SU), Canada’s largest oil company by market value, are down 2% after the company said its second-quarter profit rose just 4%, lagging well behind the profit increases posted thus far by U.S. and European oil majors. Operating…
Posted by Todd Shriber at 1:43PM on June 23rd
Shares of Canadian Natural Resource (CNQ), Canada’s second-largest oil company by market value, are down 4% after oil futures plunged as much as 6% after the International Energy Agency said some of its members would tap their strategic oil reserves in…
Posted by Todd Shriber at 12:45PM on March 15th
The combination of plunging share prices for uranium and faltering oil prices has been a toxic brew for Canadian stocks this week and the Oil Sands Stocks Index is highlighting that that negative trend today with a 2.1% decline.
Asia, including Japan,…
Posted by Max Magee at 11:41AM on June 29th
Oil refiners were up big to start the week as Chinese companies reportedly plan bids for a stake in InterOil (IOC).
Posted by Max Magee at 11:53AM on June 3rd
A worse-than-expected second-quarter outlook scared investors away from oil refiners on Wednesday.
Valero Energy (VLO) forecast a loss of -50 cents a share in the second quarter of 2009, down from a prior projection of 59 cents of EPS. Analysts had even…
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