Elliott's $3B Stake Validates Confidence in Suncor's Transformation [Yahoo! Finance]
Suncor Energy Inc. (SU)
Last suncor energy inc. earnings: 2/5 07:15 pm
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suncor.com/investor-centre
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Source: Yahoo! Finance
SU, validating its confidence in the company's strategic transformation. Almost two years after instigating changes in Suncor's management, board and strategic policies, Elliott Investment Management is now confident that the ongoing improvements in the company are capable of yielding higher returns. Therefore, it has almost doubled its stake in the company, from $1.6 billion to nearly $3 billion. After a major push by Elliott Investment in 2022, Suncor appointed Rich Kruger as the CEO, which has brought about dramatic changes in SU's performance, resulting in improved company culture, safety practices and investor trust. Management has been praised for revitalizing the company's safety records, which were previously flawed by more than a dozen fatalities. The company has achieved financial stability, resulting in a rise in stock price even during market downturns. Elliott's confidence is evident from the fact that SU's stock price has gained more than 20% since January, outperf
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SU
News
- Update on Impact of Canada Post Strike [Yahoo! Finance]Yahoo! Finance
- Suncor Energy Inc. (NYSE: SU) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
- Suncor boosts production and profits with focused operations [Wealth Professional (Canada)]Wealth Professional
- Suncor's earnings point to recovery in Canada's energy sector [Wealth Professional (Canada)]Wealth Professional
- Suncor Energy Inc. (NYSE: SU) was upgraded by analysts at Desjardins from a "hold" rating to a "buy" rating.MarketBeat
SU
Earnings
- 11/12/24 - Beat
SU
Sec Filings
- 11/13/24 - Form 6-K
- 11/13/24 - Form 6-K
- 11/13/24 - Form 6-K
- SU's page on the SEC website