RE:Oil settles down 1%, on hint of big U.S. crude buildCould be a day in the red and could very well be a day to add to positions. Suncor just reported (hold along with Cpg, Wcp Arx Bir) and released very nice numbers.
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Adjusted operating earnings increased to $2.432 billion ($1.81 per common share) in the fourth quarter of 2022, compared to $1.294 billion ($0.89 per common share) in the prior year quarter. Net earnings increased to $2.741 billion ($2.03 per common share) in the fourth quarter of 2022, compared to $1.553 billion ($1.07 per common share) in the prior year quarter.