This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.

Here is a sample of this item:

by Stockwatch Business Reporter

West Texas Intermediate crude for February delivery added 90 cents to $60.34 on the New York Merc, while Brent for March added 98 cents to $64.92 (all figures in this para U.S.). Western Canadian Select traded at a discount of $15.00 to WTI, down from a discount of $14.30. Natural gas for February added 33 cents to $3.90. The TSX energy index lost 3.37 points to close at 314.96.

Oil sands giant Suncor Energy Inc. (SU) settled down $1.13 to $68.31 on 8.43 million shares -- but first it reached an intraday high of $70.32, its first time above $70 in 18 years. Six years ago, in the depths of the COVID downturn, the shares could be had for a mere $14. It took about three years for the stock to rally to its pre-COVID level of around $40. Much of the gain since then has been attributed to chief executive officer Rich Kruger, who arrived in 2023 and is credited with righting the operational and (just as crucially) reputational ship.

The remainder is available to Stockwatch subscribers.
Sign-up for a FREE 30-day Stockwatch subscription and SEE NO ADS