Suncor (NYSE: SU), Canadian oil sand operations, reported that first quarter net income rose 23% on higher oil prices.
CIBC World says: "The ramp up of coker expansion later this year should be a significant positive catalyst."
WTI Crude oil is recently up 0.42% to $116.55 according to Bloomberg.
SU May option implied volatility of 40 is near its 26-week average of 39 according to Track Data, suggesting non-directional price risks.
Options Update is provided by Stock Specialist Paul Foster of theflyonthewall.com
Five winners of a weak dollar: SBUX, PEP, AAPL
Twitter valuation off by half: NeXt Up Research
Comfort Zone Investing: The unmighty dollar
