06:32:53 EDT Fri 09 May 2025
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Athabasca Oil Corp
Symbol ATH
Shares Issued 513,745,684
Close 2025-03-12 C$ 4.99
Market Cap C$ 2,563,590,963
Recent Sedar Documents

FP/wire say Suncor, others getting used to Capt. Chaos

2025-03-12 07:03 ET - In the News

See In the News (C-SU) Suncor Energy Inc

The Financial Post reports in its Wednesday edition that concern about U.S. President Donald Trump's threats to impose tariffs on imports of Canadian oil is waning as the duties' start date keeps getting pushed back, strengthening local crude prices. A Bloomberg dispatch to the Post says that heavy Western Canadian Select for delivery in April traded at $11.50 (U.S.) less per barrel than U.S. benchmark West Texas Intermediate on Monday. That is the narrowest discount since Nov. 15, before Mr. Trump first threatened tariffs on Canadian imports. Adding to speculation the tariffs will not affect Canadian crude, U.S. Energy Secretary Chris Wright said on Monday that a scenario where an agreement is reached and U.S. tariffs on Canada and Mexico are pulled back is possible. The tariffs, including 10 per cent on Canadian energy imports and 25 per cent on everything else from Canada and Mexico, were scheduled to go into force on Feb. 4. They were first delayed by a month and then delayed again last week, albeit only on items covered by the North American trade agreement known as USMCA. "I feel like we are in bizarro world," said Susan Bell, a Rystad Energy analyst. "Trump is risking a deeply unpopular move on the economy."

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