Wildfire Burned Up Nearly $800 Million In Related Costs For Suncor


20-Year Pro Trader Reveals His "MoneyLine"

Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.


Reuters reported that Suncor Energy Inc (NYSE: SU) told employees the wildfires that swept through the Alberta oil sands area last month cost the company $778 million.

While a Suncor spokesperson declined to comment, two employees speaking anonymously said employees were told Monday to expect fire-related losses of “just shy” of $1 billion.

Suncor shares were down 1 percent to $26.58 near the close of Tuesday’s trading.


20-Year Pro Trader Reveals His "MoneyLine"

Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.


ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!

Posted In: NewsRumorsLegal