Basic Material New Highs: Alcoa Inc (NYSE:AA), ConocoPhillips (NYSE:COP), Valero Energy Corporation (NYSE:VLO), Suncor Energy (NYSE:SU)


Alcoa Inc (NYSE:AA) CEO Klaus Kleinfeld will not participate in the St. Petersburg International Economic Forum, an economic conference hosted by Vladimir Putin, the Wall Street Journal reports. Shares of Alcoa Inc (NYSE:AA)closed at $13.72 in last trading session. Yesterday share price of the company was traded in the range of $13.62 to $13.89. Company now has a market value of $16.08 billion. Alcoa Inc (NYSE:AA)price to sales ratio in past twelve months was calculated as0.71 and price to cash ratio as 24.19.

ConocoPhillips (NYSE:COP) announced that Ryan Lance, chairman and CEO, will speak to investors and securities analysts at the Citi 2014 Global Energy and Utilities Conference in Boston, Mass. on Wednesday, May 14 at 8:45 a.m. EDT. ConocoPhillips (NYSE:COP) stock traded in the range of $74.87 – $76.85 and at the end of the day, it closed at $76.52. Average trading volume of the company is $9.36M. ConocoPhillips (NYSE:COP)return on equity ratio is recorded as 1.67 and its return on assets is 14.41%.

Suncor Energy Inc and Valero Energy Corporation (NYSE:VLO) are poised to use only North American crude in eastern Canada by 2015, helping to displace overseas imports. Suncor’s Montreal refinery will reach that point in 2015 and Valero’s Quebec City plant by the end of this year, the companies said April 29. Imports to Quebec, Ontario and Atlantic provinces from outside North America dropped by more than 50 percent in November from a year earlier. Enbridge Inc. plans to start a pipeline late this year allowing oil to flow to Montreal from fields in North Dakota and Alberta, further reducing higher-priced supplies from Europe and Africa. Valero Energy Corporation (NYSE:VLO) after opening at $57.72, moved up 0.35% to $57.91 on last trading day. Company’s 52 week range is $33.00 – $59.09.

On Apr 29, 2014, Suncor Energy Inc. (USA) (NYSE:SU) held its Annual General Meeting in Edmonton today. A total of approximately 985 million shares (approximately 66.95% of outstanding common shares) were represented in person or by proxy. The appointment of PricewaterhouseCoopers LLP as Suncor’s auditors. Management’s approach to executive compensation (say on pay) disclosed in Suncor’s management proxy circular, with 93.53% of shares represented at the meeting voting in favour of the advisory resolution. Suncor Energy Inc. (USA) (NYSE:SU)stock hit highest price at $39.35, beginning with a price of $38.67 and increased 1.42% to the close at $39.33 with day range of $38.62 – $39.35. The total market capitalization of the stock is $57.86 billion.


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