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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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This Week in Billionaires: Buffett Explains, Paulson’s Luck Turning? (BAC, C, STI, HIG, COF, BRK.A, XOM, COP, APA, DVN, NOV, OXY, SU, BRK.B, SNOFF)

Posted by Eric Monte at 2:46PM on June 30th

John Paulson spoke out this week about his firm’s now disastrous investment in Chinese-Canadian timber Sino-Forest Corporation (SNOFF). Paulson told investors in his advantage funds that the Sino-Forest bet had gone the wrong way to the tune of $574 million, according…

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Pickens Inks Texas Water Rights Deal To Aid In Drought Relief (APA, DVN, NOV, OXY, SU)

Posted by Todd Shriber at 12:33PM on June 27th

Legendary energy investor T. Boone Pickens is coming to the aide of drought-stricken Texans in one of the driest areas of the state. Pickens and his Mesa Water last week agreed to sell water rights under 211,000 acres for $103…

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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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Goldman, Morgan Stanley Turn Bullish On Commodities (SU, COSWF, CVE, AG, CDE, AEM, SLW)

Posted by Todd Shriber at 11:50AM on May 24th

Shares of Suncor Energy (SU), Canada’s largest oil company, are soaring 3% after Goldman Sachs and Morgan Stanley turned bullish on commodities and raised their oil price forecasts by 20% amid what has been a tough few weeks for commodities, oil…

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What’s Next For Billionaire Pickens and BP Capital? (CLNE, SU, CHK, BP, HAL, NOV, DVN, WFT)

Posted by Jason Smith at 9:14AM on May 6th

Oilman turned natural gas proponent T. Boone Pickens has been very vocal of late, touting an energy bill designed to increase incentives for vehicles that run on natural gas, thus reducing U.S. dependence on foreign oil.

Aside from his hedge fund…

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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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Pickens Sees $120 Oil, Shuffles Energy Bets (EOG, NOV, BP, CHK, HAL, PXP, QEP, WFT, DVN, SU)

Posted by Jason Smith at 9:36AM on February 16th

Texas oil billionaire turned wind energy and natural gas proponent T. Boone Pickens was adding to many of his top positions as 2010 closed out, while opening new bets in select energy players.

At the beginning of this year, Pickens predicted…

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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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