Geopolitics Alpha

Suncor Energy's Profit Beats Forecasts as Oil Prices Offset Lower Output

Published . Updated .

Market Call

Think this story will push the stock up or down over the next three trading days? Make a free call and see what other readers think. Points are play money with no cash value.

Get these market calls by email

The week's biggest market-moving stories, Congress trades and Trump posts, with the tickers they touch. Free, one email a week.

Free. We only use your email to send the digest, never sell or share it, and every email has a one-click unsubscribe link. See our privacy policy.

ENERGYSuncor Energy's Profit BeatsForecasts as Oil Prices OffsetLower OutputSUGEOPOLITICS ALPHA

Canada's integrated oil and gas producer Suncor Energy surpassed analysts' expectations for third-quarter profit on Tuesday…

Directly affected

  • SU Suncor Energy

    Named in this report.

Indirectly affected

  • USO United States Oil Fund-1.1% 30d

    United States Oil Fund: its price follows crude oil. Linked by “oil” (oil) in this story.

  • XLE Energy Select Sector SPDR+7.5% 30d

    Energy Select Sector SPDR: its price follows crude oil. Linked by “oil” (oil) in this story.

  • UNG United States Natural Gas Fund-13.5% 30d

    United States Natural Gas Fund: it follows natural-gas prices. Linked by “gas” (natural gas) in this story.

  • BWET Breakwave Tanker Shipping ETF-3.3% 17d

    Breakwave Tanker Shipping ETF: it tracks tanker freight rates. Linked by “oil” (tanker shipping) in this story.

  • EWC iShares MSCI Canada ETF+1.0% 30d

    iShares MSCI Canada ETF holds stocks listed in Canada, which this story is about (“canada”).

  • XOM ExxonMobil Holdings-2.7% 17d

    ExxonMobil Holdings (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story.

  • CVX Chevron+2.9% 30d

    Chevron (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story.

  • COP ConocoPhillips+6.5% 30d

    ConocoPhillips (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story.

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
SU+2.82%+5.36%base-4.61%-8.45%-8.84%-10.58%
USO+5.38%+6.75%base-8.03%-6.32%-5.71%-9.82%
XLE+2.64%+4.95%base-4.79%-6.96%-7.59%-7.07%
UNG+4.28%-0.44%base+1.75%+1.54%+2.41%+10.86%
BWET+7.18%+11.56%base-15.67%-19.70%-19.70%-30.61%
EWC+2.17%+0.68%base+2.65%-0.06%-0.41%+1.52%
XOM+2.57%+5.49%base-4.52%-6.87%-6.39%-7.18%
CVX+1.76%+4.58%base-3.71%-4.40%-5.45%-6.75%
COP+3.21%+6.66%base-5.19%-6.18%-5.61%-6.83%

Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.

Suncor Energy's Profit Beats Forecasts as Oil Prices Offset Lower Output Offshore Engineer Magazine

Source: Offshore Engineer Magazine

Energy

CompanyWhenMoveStatus
BWETthat day-15.67%final price
BWETthe next day-19.70%final price
BWETtwo days later-19.70%final price
BWETthree days later-30.61%final price
BWETthree days earlier+11.56%final price
BWETfive days earlier+7.18%final price
COPthat day-5.19%final price
COPthe next day-6.18%final price
COPtwo days later-5.61%final price
COPthree days later-6.83%final price
COPthree days earlier+6.66%final price
COPfive days earlier+3.21%final price
CVXthat day-3.71%final price
CVXthe next day-4.40%final price
CVXtwo days later-5.45%final price
CVXthree days later-6.75%final price
CVXthree days earlier+4.58%final price
CVXfive days earlier+1.76%final price
EWCthat day+2.65%final price
EWCthe next day-0.06%final price
EWCtwo days later-0.41%final price
EWCthree days later+1.52%final price
EWCthree days earlier+0.68%final price
EWCfive days earlier+2.17%final price
SUthat day-4.61%final price
SUthe next day-8.45%final price
SUtwo days later-8.84%final price
SUthree days later-10.58%final price
SUthree days earlier+5.36%final price
SUfive days earlier+2.82%final price
UNGthat day+1.75%final price
UNGthe next day+1.54%final price
UNGtwo days later+2.41%final price
UNGthree days later+10.86%final price
UNGthree days earlier-0.44%final price
UNGfive days earlier+4.28%final price
USOthat day-8.03%final price
USOthe next day-6.32%final price
USOtwo days later-5.71%final price
USOthree days later-9.82%final price
USOthree days earlier+6.75%final price
USOfive days earlier+5.38%final price
XLEthat day-4.79%final price
XLEthe next day-6.96%final price
XLEtwo days later-7.59%final price
XLEthree days later-7.07%final price
XLEthree days earlier+4.95%final price
XLEfive days earlier+2.64%final price
XOMthat day-4.52%final price
XOMthe next day-6.87%final price
XOMtwo days later-6.39%final price
XOMthree days later-7.18%final price
XOMthree days earlier+5.49%final price
XOMfive days earlier+2.57%final price

Trades by members of Congress and officials in the stocks in this story

Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).

How solid the energy case looks

25 out of 100

“Suncor Energy's Profit Beats Forecasts as Oil Prices Offset Lower Output” scores 25 out of 100. The score uses 2 sources.