Continue reading Suncor Energy Remains in Uptrend

Suncor Energy Remains in Uptrend originally appeared on BloggingStocks on Fri, 08 Jan 2010 17:00:00 EST. Please see our terms for use of feeds.

Suncor Energy (NYSE: SU) is expected to close on its purchase of Petro-Canada (NYSE: PCZ) in Q3 pending regulatory approvals. PCZ will receive 1.28 shares in the new company for each of their shares while SU holders will receive one share.

SU closed at $30.60. PCZ closed at $38.83. WTI Crude oil is recently down 0.21% to $71.34 according to Bloomberg. SU August option implied volatility of 53 is below its 26-week average of 60, according to Track Data, suggesting decreasing price movement.

Petro-Canada August option implied volatility is at 54, below its 26-week average of 59, according to Track Data, suggesting decreasing price movement.

Option Update is provided by Stock Specialist Paul Foster of theflyonthewall.com

Options Update: Suncor Energy and Petro-Canada volatility low into merger originally appeared on BloggingStocks on Tue, 30 Jun 2009 08:20:00 EST. Please see our terms for use of feeds.

Petro-Canada (NYSE: PCZ) will be purchased by Suncor Energy (NYSE: SU), the world's second-largest oil-sands producer, for about $14 billion.

PCZ will receive 1.28 shares in the new company for each of its shares, while SU holders will receive one share. PCZ April option implied volatility closed at 64, below its 26-week average of 71, according to Track Data, suggesting decreasing price movement.

SU April call option implied volatility closed at 82, puts at 89, above its 26-week average of 80, according to Track Data, suggesting larger price movement.

Options Update is provided by Stock Specialist Paul Foster of theflyonthewall.com.

Options Update: Petro-Canada volatility low into Suncor Energy purchase originally appeared on BloggingStocks on Mon, 23 Mar 2009 08:00:00 EST. Please see our terms for use of feeds.

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