Suncor Energy Inc. (SU) 

Investigation 

Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Suncor Energy Inc. ("Suncor" or the "Company") (NYSE: SU). The investigation concerns whether Suncor and certain of its officers and/or directors have violated federal securities laws.

 

On August 16, 2020, Suncor reported that the Company had experienced a fire at the secondary extraction facilities of its Base Plant mine.  Then, on September 7, 2020, Suncor issued a press release “provid[ing an] operational and 2020 guidance update.”  In the press release, Suncor disclosed that while “initial repairs can allow the mine to operate at full rates, production has been restricted to manage bitumen quality into the upgraders” and that the Company expected to “achieve full mining rates of approximately 300,000 bbls/d by the middle of the fourth quarter, as bitumen treatment facilities return to full operation.”  On this news, Suncor’s stock price fell $1.53 per share, or 9.86%, to close at $13.99 per share on September 8, 2020.

 

If you are aware of any facts relating to this investigation, or purchased Suncor shares, you can assist this investigation by contacting the firm. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484. 

Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique.  Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients.  In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm’s expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.

© 2020 Bronstein, Gewirtz & Grossman, LLC

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BG&G is not affiliated to any of these companies. All respective trademarks are owned by the respective companies.