Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. Find the latest news headlines from Suncor Energy Inc. Common Stock (SU) at

Shares of Suncor Energy (NYSE: SU) saw some unusual options activity on Monday.

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Like the rest of the global energy sector, Suncor Energy (TSX:SU)(NYSE:SU) has taken a severe beating this year. SU: What does Argus have to say about SU?

Access to Husky’s heavy-oil refineries is “probably the biggest reason to do this deal,” he said.Investors did not react positively Monday, with Cenovus shares falling nearly 15% at one point. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Is Suncor stock now too cheap to ignore? ... Suncor shares and encourages the exchange of information to support constructive dialogue. Suncor Energy (TSX:SU)(NYSE:SU) continues to be out of favour with investors, despite a stabilized oil price. Its stock price saw a 60 per cent year-to-date (YTD) decline and plunged as low as C$ 15.07 during the market crash in March. As cases hit new daily records, oil traders will become uneasy and unwilling to make large bullish bets. The OPEC+ pact is set to end by January, but rising production out of Libya is boosting supply while the ongoing travel restrictions keep a lid on a recovery in air travel and demand for jet fuel.

WTI oil trades near $40 per barrel. Get daily stock ideas top-performing Wall Street analysts. Morgan Stanley currently has an overweight rating on the oil and gas producer’s stock… They were down more than 8% to C$4.47 as of 1:46 p.m. in Toronto. View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Learn about financial terms, types of investments, trading strategies and more.

(Bloomberg) -- Cenovus Energy Inc. is getting more than just a rival Canadian oil producer with its acquisition of Husky Energy Inc. It’s also shoring up its defenses against an anti-oil sands movement that could get a boost if Joe Biden is elected as the next president of the U.S.Calgary-based Cenovus said Sunday morning it’s reached a C$3.8 billion ($2.9 billion) all-share deal to buy Husky, which is controlled by Hong Kong billionaire Li Ka-shing. Do Not Sell My Information. OPEC might not meet its objectives on supply cuts. Please log in to your account or sign up in order to add this asset to your watchlist. Like us on Facebook to see similar stories, Vote-by-Mail Window May Be Closed With Postal Service Still Slow, Everything You Need to Know About The Mandalorian Season 2. Europe and the United States are struggling to prevent the second wave of the virus from forcing another round of widespread lockdowns. Export data to Excel for your own analysis. Based on the October report, the IEA says oil prices might not get back to US$50 per barrel until 2023.

Suncor has stakes in projects in the North Sea that can be sold to bolster the balance sheet by as much as US$500 million according to the report. This indicates an upside potential of 73% from the current price. Motley Fool Canada‘s market-beating team has just released a brand-new FREE report revealing 5 “dirt cheap” stocks that you can buy today for under $49 a share.

WTI oil trades near $40 per barrel. Following the unusual option alert, the stock price moved down to $12.62. MarketBeat does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security. COVID-19 vaccines might be widely available by the middle of the year. Suncor Energy (TSX:SU) (NYSE:SU) continues to be out of favour with investors, despite a stabilized oil price. It wouldn’t be a surprise to see the stock take a run at $30 in 2021. Suncor Energy (NYSE:SU) (TSE:SU) had its target price reduced by Morgan Stanley from $31.00 to $22.00 in a research report released on Tuesday morning, The Fly reports. The market is giving investors a chance to buy these top stocks at cheap prices today. Show full articles without "Continue Reading" button for {0} hours. appeared first on The Motley Fool Canada.

Find the latest news headlines from Suncor Energy Inc. Common Stock (SU) at Ongoing volatility should be expected. Oil prices could start to rise ahead of anticipated increases in demand. A webcast to review the third quarter will be held on October 29 at 7:30 a.m. MT (9:30 a.m. That discount can be steep at times -- $20 a barrel or more -- and is currently more than $10.The situation could get worse if Biden wins the Nov. 3 election and makes good on his promise to rescind the permit granted by President Donald Trump for the development of Keystone XL, the biggest of three major Canadian export pipelines under construction.By acquiring Husky’s refineries in Ohio and Wisconsin, Cenovus will reduce its exposure to that problem.

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