On August 16, 2020, it was reported by Suncor that the company had experienced a fire at its Base Plant mine’s secondary extraction facilities. Suncor then issued a press release on September 7, 2020 “provid[ing an] operational and 2020 guidance update.” In this press release, it was disclosed by Suncor 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.” Suncor’s stock price fell $1.53 per share, or 9.86%, on this news, to close at $13.99 per share on September 8, 2020.
Suncor Energy, Inc.
Investors that purchased the Company’s securities and have suffered a loss, please fill in transaction information below, or email to firstname.lastname@example.org.
There is no cost or obligation associated with submitting your information. If you are a shareholder who suffered a loss, please submit your contact information and purchase information to participate in the putative class action.
We also encourage you to contact Lesley F. Portnoy of The Portnoy Law Firm, at 310.692.8883, to discuss your rights free of charge. You can also reach us through the firm’s website at www.portnoylaw.com, or by email at email@example.com.
If you choose to take no action, you can remain an absent class member.
Joining the case through the Portnoy Law website enables investors to learn about their legal claims and take an active role in recovering their losses.
The Portnoy Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
Portnoy Law Firm
Lesley F. Portnoy, Esq.,
1800 Century Park East, Suite 600
Los Angeles, CA 90067