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Tepid Report From Suncor Holds Back Oil Sands Stocks (SU, BQI, CNQ, CVE, IMO, NOA)

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…

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Oil Sands Stocks Crushed On News Reserves Will Be Tapped (CNQ, SU, IMO, CVE, NOA)

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…

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Oil Sands Stocks Slammed By Japan Woes (CNQ, CVE, SU, COSWF, IMO, NOA)

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,…

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Oil Sands Stocks See Libya-Induced Rally (BQI, IMO, SU, CNQ, CVE, NOA)

Posted by Todd Shriber at 11:58AM on February 22nd

Growing civil unrest in Libya, an OPEC member and home to Africa’s largest oil reserves, is helping boost oil futures today and the trickle-down effect can be seen in shares of oil sands stocks as the Oil Sands Stocks Index…

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Oil Sands Stocks Get A Barron’s Bounce (NOA, SU, CNQ, BQI, CVE, IMO)

Posted by Jason Smith at 12:36PM on February 7th

A bullish report in the most recent issue of Barron’s is helping the Oil Sands Stocks Index to gain of 0.8% today, extending a run that has seen the Index move higher by 15% in the past three months.

Canada’s oil sands…

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Chinese Interest Helps Revive Beaten Oil Refiners

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).

InterOil shares are up by 20% today after The South China Morning Post reported thatCNOOC (CEO) and PetroChina (PTR) look to acquire a stake…

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Refiners Tank On Valero Outlook

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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