Here in Canada, oil sands giant Suncor Energy Inc. (SU) shook off today's price malaise, adding 14 cents to $43.32 on 7.95 million shares. The company announced this morning that it will hold an investor presentation in Toronto on Nov. 29. The presentation will include "updates on production and operational actions and plans to ensure safe and reliable performance."
Investors may recall that exact phrasing from an announcement of a similar event that Suncor was going to hold in mid-July. Even more memorably, Suncor cancelled that event after a worker died at one of its oil sands facilities -- the 13th fatality for the company since 2014 -- which led to the abrupt resignation of Mark Little as president and chief executive officer on July 8. Suncor hurriedly appointed Kris Smith, executive vice-president of the downstream division, as interim CEO, while an executive search firm scouts for a permanent successor. If the search is not finished by the rescheduled presentation on Nov. 29, investors will undoubtedly want an update on its progress.