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Updated · MarketWatch · Apr 27Suncor Energy Inc. shares rise 0.40 percent to C$87.91, outperforming market
2 articles · Updated · MarketWatch · Apr 27
- On Monday, Suncor Energy Inc.'s stock closed at C$87.91, up 0.40%, while the S&P/TSX Composite Index fell 0.25%.
- Trading volume was 3.5 million shares, notably below the 50-day average of 7.6 million shares.
- Suncor remains 6.8% below its 52-week high of C$94.34, reached on March 30, amid a generally negative Canadian market session.
While Suncor's stock soars on war news, what is the hidden cost for Canadian consumers? With a new US$38 breakeven, how will Suncor's strategy shift when record oil prices eventually fall? Can Suncor’s record profits survive a global recession fueled by the very oil crisis benefiting them? Is Suncor's $16.5B carbon capture plan a real climate solution or a strategic delay tactic? Could this oil price shock be the catalyst that permanently accelerates the global shift to renewables? As Mideast oil is blockaded, can Canada overcome internal politics to become the world's energy lifeline?