Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (67399)	9/17/2019 6:30:15 PM
From: Goose94	Read Replies (1) \| Respond to of 202707

Suncor Energy (SU-T) Mark S. Little CEO says he's not counting on oil risk premium after Saudi attacks Sept 17, '19 The CEO of Suncor Energy Inc. says his company isn't counting on higher cash flow despite analyst expectations of a "risk premium" on crude oil prices in the wake of last weekend's attacks on Saudi Arabian oil facilities. Benchmark oil prices jumped Monday by more than 14 per cent but gave up some of their gains Tuesday after Saudi Arabia's energy minister reported that 50 per cent of the production interrupted by the attack had been restored. Mark Little says market reaction to the sudden loss of some Saudi oil output was likely magnified because it occurred during a relatively quiet geopolitics period, but the situation is not that unusual. He says the benefit to Canadian oil producers is that the incident forces consumers to be more aware of where their crude is coming from and how secure that source might be. Speaking after participating in a conference in Calgary, he welcomed reports that Premier Jason Kenney spoke in favour on Monday in New York of a proposal put forward by companies including Suncor to ease provincial oil curtailments for producers who add crude-by rail capacity to help relieve a glut of oil in Alberta. He says rail is the only short-term opportunity for Alberta producers to move more oil out of Canada because export pipeline expansions have been stymied. "I think people will think a lot more about security of supply. And Canada is a great place to be buying your energy from," Little said.