13:08:36 EDT Tue 07 Jul 2026
Enter Symbol
or Name
USA
CA



Suncor Energy Inc
Symbol SU
Shares Issued 1,180,745,547
Close 2026-07-06 C$ 78.02
Market Cap C$ 92,121,767,577
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FP says Surge Energy CEO talks upside for new pipeline

2026-07-07 09:16 ET - In the News

See In the News (C-SGY) Surge Energy Inc (2)

The Financial Post reports in its Tuesday edition that proposed $35-billion oil pipeline to the West Coast -- backed by the federal and Alberta governments -- signals the country is willing to produce and export more crude. Postmedia's Nykole King writes that even as the deal reached by Prime Minister Mark Carney and Premier Danielle Smith appeared like an improbable milestone, some insiders and observers worried it may not be enough to get the megaproject across the finish line. The one-million-barrel-per-day line to shipping terminals in British Columbia would give producers more options than selling to the U.S. at "discount" prices, said Paul Colborne, chief executive officer of Surge Energy. "We've opened up a market. We now take another million barrels of our oil, and we have negotiating power to take it to China, India, Africa, Asia." The federal and provincial governments formed a partnership to build a 1,200-kilometre pipeline to the Pacific coast, with Calgary's Pembina Pipeline controlling a 10-per-cent stake and an option to double its position later on. Mark Parsons, the chief economist at ATB Financial, said many questions remain, including who exactly is going to foot the bill for the pipeline.

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