Suncor

Suncor's shares jumped after the Florida-based hedge fund, which holds a 3.4-per-cent stake in the Canadian oil and gas producer, said it wants changes at ...

Have the Top Business Headlines newsletter conveniently delivered to your inbox in the morning or evening. “However, in recent years, the company has seen a decline in the exceptional performance that was formerly its hallmark. Suncor owns one of the country’s largest networks of gas stations, with 1,800 Petro-Canada locations. Suncor now finds itself plagued by repeated operational challenges and safety issues.” Elliott has US$51.5-billion in assets under management. In a letter to Suncor directors, Elliott said its research shows “the board can unlock more than $30-billion in value for shareholders, a potential increase of 50 per cent or more from today.”

Activist investor Elliott Investment Management LP is taking aim at Calgary oil producer Suncor Energy, calling for the company to add five new directors ...

Suncor also cut its production guidance at its Fort Hills oilsands mine in 2021 after finding slopes in the mine were not stable. Cenovus Energy has returned 200 per cent and Imperial Oil 168 per cent. Suncor should review whether it can unlock the value of assets outside the oil sands business, including its retail network of gas stations, Elliott said.

("Elliott"), which manages funds that have made an investment representing approximately a 3.4% economic interest in Suncor Energy Inc. (NYSE:SU) (the "Company" ...

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One of North America's most aggressive activist investors has set its sights on Suncor Energy Inc., seeking an overhaul of the company's board and ...

Since 2014, there have been 12 workplace deaths at Suncor sites, which Elliott said is more than all of the company's closest peers combined. Suncor, which was the most valuable Canadian energy company by market capitalization from 2000 until 2018, has been in a slump recently. Possibilities could include the potential sale or spinoff of Suncor's Petro-Canada 1,800-location retail network. He said the company recently completed an independent review of safety at its oilsands mines, including a focus on the safety of contract workers. In its letter, Elliott laid out its proposal for Suncor, which includes adding five new independent directors to the company's board and then undertaking a strategic review of Suncor's executive management team, including CEO Mark Little. In a letter to Suncor's board on Thursday, U.S.-based Elliott Investment Management expressed frustration in what it said is a recent decline in performance at the energy producer.

In a letter to Suncor's board on Thursday, U.S.-based Elliott Investment Management expressed frustration in what it said is a recent decline in performance ...

Since 2014, there have been 12 workplace deaths at Suncor sites, which Elliott said is more than all of the company’s closest peers combined. Possibilities could include the potential sale or spinoff of Suncor’s Petro-Canada 1,800-location retail network. Suncor, which was the most valuable Canadian energy company by market capitalization from 2000 until 2018, has been in a slump recently. He said the company recently completed an independent review of safety at its oilsands mines, including a focus on the safety of contract workers. In February, Little publicly addressed Suncor’s safety challenges, telling analysts on a conference call that a truck crash that resulted in the death of a contractor was “unacceptable.” In a letter to Suncor’s board on Thursday, U.S.-based Elliott Investment Management expressed frustration in what it said is a recent decline in performance at the energy producer.

The Suncor refinery in Edmonton. Geoff Robins/AFP via Getty Images. Activist Elliott Investment Management has a new aim in sight: Canadian oil producer Suncor ...

Elliott owns a 3.4% stake in Suncor (ticker: SU). In a letter sent to Suncor’s board Thursday, the investment group proposes a review of executive leadership and operations. Activist Elliott Investment Management has a new aim in sight: Canadian oil producer Suncor Energy. Suncor Is Targeted for a Shakeup by Activist Investor Elliott

Calgary, Alberta--(Newsfile Corp. - 28 avril 2022) - Suncor (TSX : SU) (NYSE : SU) a publié aujourd'hui la déclaration suivante en réponse à la lettre reçue ...

Demandes des investisseurs : Le conseil d'administration et l'équipe de la direction de Suncor attendent avec intérêt d'échanger avec Elliott en temps opportun afin de mieux comprendre son point de vue. Demandes des médias :

Le fonds d'investissement Elliott Investment Management, qui se présente comme un des plus gros actionnaires de Suncor, exige une refonte de la gestion de ...

Le magazine Forbes a qualifié Paul Singer d' Le fonds d’investissement Elliott Investment Management, qui se présente comme un des plus gros actionnaires de Suncor, exige une refonte de la gestion de la pétrolière pour améliorer ses profits. Un actionnaire de Suncor demande un remaniement de l’entreprise

Activist investment firm Elliott Management is pushing Canada's Suncor Energy Inc to add new board directors, overhaul management and begin a strategic ...

Register now for FREE unlimited access to Reuters.com Suncor promoted Mark Little to chief executive in 2019 after Steve Williams retired. The company is valued at $52 billion. Register now for FREE unlimited access to Reuters.com Twelve employees and contractors have died in fatal accidents since 2014. Register now for FREE unlimited access to Reuters.com

Activist investment firm Elliott Management is pushing Canada's Suncor Energy to add new board directors, overhaul management and begin a strategic review,…

The company is valued at $52 billion. Twelve employees and contractors have died in fatal accidents since 2014. Elliott calls for Suncor strategic review, board changes Back to video

Activist investor Elliott Investment Management LP is taking aim at Canadian oil producer Suncor Energy Inc., pushing the company to add five new directors ...

Suncor “looks forward to engaging with Elliott in due course to better understand their perspective” and remains confident in the current growth strategy, the statement said. “Our investment in Suncor is underpinned by our conviction that, with the right leadership, the company can restore its prior success. Cenovus Energy Inc. has returned more than 200 per cent and Imperial Oil Ltd. 168 per cent. Analysts have said the stock is being weighed down by a series of operational problems, including a fire that resulted in an injury at a refinery in March and fatal accidents in the last two years. Suncor also cut its production guidance at its Fort Hills oil sands mine in 2021 after finding slopes in the mine were not stable. While the stock has returned 107 per cent since the beginning of last year, as of Wednesday’s close, those gains have been dwarfed by Canadian Natural Resources Ltd.’s 172 per cent in the same period.

Suncor's operations include oil sands development, production and upgrading, offshore oil and gas production, petroleum refining in Canada and the U.S. and the ...

Suncor’s Board and management team looks forward to engaging with Elliott in due course to better understand their perspective. Suncor’s operations include oil sands development, production and upgrading, offshore oil and gas production, petroleum refining in Canada and the U.S. and the company’s Petro-Canada retail and wholesale distribution networks, including Canada’s Electric Highway, a coast-to-coast network of fast-charging EV stations. The Suncor Board and management team have received the letter and materials from Elliott. Suncor appreciates the views of its shareholders and will take the time to carefully assess the recommendations and materials provided, with a view to enhancing shareholder and other stakeholder value.

Elliott Investment Management is one of the few activists that still garners the respect, and it's one of the most active launching 10 campaigns in 2021.

Have the Top Business Headlines newsletter conveniently delivered to your inbox in the morning or evening. Despite the pressure on him, Mr. Wilson dug in, and won, which was a rare feat at the time. In 2018, only one year after purchasing the club, Mr. Li defaulted on the debt, and Elliott took control of the club. Many of their own investors are sick of bruising campaigns, especially after a number of them have resulted in major losses. (Elliott has denied these allegations and declined to comment.) This position got Elliott into a protracted fight with the Argentine government.

L'investisseur activiste Elliott Investment Management réclame des changements au conseil d'administration de Suncor Énergie (SU.TO, 47,22 $) et demande un ...

Au cours du trimestre écoulé, les ventes liées à la COVID-19 ont augmenté, selon l’entreprise. Selon Rogers, le centre contribuera à la création d’occasions d’affaires grâce à la technologie et créera un bassin de main-d’œuvre technique hautement qualifiée qui pourra rester au Canada et y travailler. «Notre investissement dans Suncor est étayé par notre conviction qu’avec le bon leadership, l’entreprise peut restaurer son succès du passé», ont écrit John Pike, associé d’Elliott, et le gestionnaire de portefeuille Mike Tomkins, dans leur lettre. Le médicament contre le diabète Farxiga a «atteint 1 G$ US de recettes ce trimestre» et que les ventes en oncologie ont fortement progressé alors même que la persistance de la COVID-19 ralentit les diagnostics et traitements contre le cancer. Rogers a précisé que ce projet faisait partie de l’engagement de 6,5 milliards $ de la société à investir dans l’Ouest canadien, annoncé pour la première fois en mars 2021 dans le cadre de son accord de 26 milliards $ pour acquérir Shaw. TFI a affiché jeudi un bénéfice net de 147,7 millions $ US pour le trimestre clos le 31 mars, en hausse de 121% par rapport à celui de 66,9 millions $ US de la même période l’an dernier.

Activist investor Elliott Investment Management LP is taking aim at Canadian oil producer Suncor Energy Inc., pushing the company to add five new directors ...