Suncor CEO Goes on the Defensive Over Lagging Canadian Oil
- Williams stressed minimal impact from wider gap to U.S. crude
- Analysts from Goldman to JPMorgan asked questions on the topic
Suncor CEO Steve Williams speaks to reporters near Fort McKay, Alberta.
Photographer: Ben Nelms/BloombergThis article is for subscribers only.
Sounds like Suncor Energy Inc.’s top executive is getting tired of analysts asking questions about lagging Canadian oil prices.
On the company’s earnings call Thursday, Steve Williams was met with a slew of inquiries about how Western Canadian crude’s growing gap to U.S. barrels is affecting his company. His answer: For the most part, it’s not. That’s a response he had to repeat more than once during the hour-long call.