Suncor Energy News

Toronto's main stock index hit its loftiest level in nearly two weeks on Wednesday, en route to a higher close, as a rise in crude prices helped push up shares of Suncor Energy and other oil companies.

Canadian stocks fell, paring a weekly gain, as Potash Corp. of Saskatchewan dropped on an analyst downgrade and Suncor Energy Inc.

U.S. refiners in the Midwest may see crude costs rise after Suncor Energy Inc . said its oil sands production may decline as much as 4.2 million barrels while an Alberta upgrader is repaired.

Canadian stocks fell the most in three weeks, led by raw-materials producers, as a stronger U.S. dollar weakened prices of commodities including gold, oil and copper.

We are initiating coverage on Suncor Energy with a Neutral recommendation and a target price of $36. Calgary, Alberta-based Suncor is one of the leading Canadian integrated oil and gas companies engaged in crude oil and natural gas production, as well as in refining and marketing.

Placed CanWest and some of its divisions into creditor protection when the company was no longer able to make payments on its $4 billion debt.

The Toronto Stock market made a triple-digit advance on Monday afternoon as investors priced in the value of Exxon Mobil's US$31-billion acquisition of U.S. oil and gas company XTO Energy Inc.

Shares of the following companies may have unusual moves in Canadian trading. Stock symbols are in parentheses.

Analyzing third quarter results released today, we reaffirm estimated Net Present Value of US$52 a share for buy-recommended Suncor Energy .

Husky Energy Inc. is buying most of the Ontario gas stations Suncor Energy Inc. was required to sell as a condition for its union with Petro-Canada. Calgary-based Husky, which also produces and processes oil and natural gas, said Thursday it has signed a deal to buy 98 gas stations from Suncor, Canada's biggest energy company.

Shares of the following companies may have unusual moves in Canadian trading. Stock symbols are in parentheses.

Canadian stocks rose for a second day, led by commodity producers, as the nationa s unexpected trade surplus and a U.S. jobless claims report signaled a rebound in demand.

The CBC Petro-Canada Food Bank Drive : has been an integral part of Petro-Canada's Christmas campaigns for the past 23 years.

Equedia.com and Equedia Weekly provides research on the top Canadian companies with a focus on mining and resource stocks.

Only two oilsands projects will be able to meet the new standards for reclaiming liquid tailings by the deadlines outlined by the Energy Resources Conservation Board, two environmental groups said Tuesday.

Ron Meisels & Monica Rizk From Saturday's Globe and Mail Published on Friday, Dec.

As world leaders gather in Copenhagen next week for historic negotiations on climate change, a fierce battle continues in Ottawa between environmental groups and a powerful army of energy, manufacturing and power utility lobbyists to influence Canadian legislation governing greenhouse gas emissions and billions of tax dollars in clean energy and ...

Canada wona t impose mandatory greenhouse gas targets for major exporting industries such as energy and mining until the U.S. sets rules for its own companies, Environment Minister Jim Prentice said.

Some of the largest hedge funds are betting heavily that high oil prices are here to stay as they have added to stakes in Suncor Energy Inc , one of the large-cap energy stocks most sensitive to the price of oil.

Suncor Energy Inc. reported today that the company's oil sands production during November averaged approximately 314,000 barrels per day .