On Wednesday, Shares of Suncor Energy Inc. (USA)(NYSE:SU), added 0.99% and closed at $30.48 in the last trading session. The last trading range of the stock ranges between $29.65 and $30.77. Suncor Energy recently declared it has reached a contract to sell its Petro-Canada Lubricants Inc. (PCLI) business to a partner of HollyFrontier Corporation (HollyFrontier) for gross proceeds of $1.125 billion, subject to customary closing adjustments.
The sale includes PCLI’s production and manufacturing centre in Mississauga, Ontario and the global marketing and distribution assets held by PCLI counting its global offices. Under the terms of the agreement, HollyFrontier will continue to operate the lubricants business under the Petro-Canada trademark.
Sabre Corp (NASDAQ:SABR), jumped -1.30% and closed at $24.30 in the last trading session. The last trading range of the stock ranges between $23.88 and $24.55. The company’s Market capitalization is $7.12 Billion with the total Outstanding Shares of 280.23 million. Sabre Corporation provides technology solutions to the travel and tourism industry. The company operates through two segments, Travel Network, and Airline and Hospitality Solutions. The Travel Network segment operates a business-to-business travel marketplace that offers travel content, such as inventory, prices, and availability from a range of travel suppliers, counting airlines, hotels, car rental brands, rail carriers, cruise lines, and tour operators with a network of travel buyers comprising online and offline travel agencies, travel administration companies, and corporate travel departments. The Airline and Hospitality Solutions segment offers a portfolio of software technology products and solutions through software-as-a-service and hosted delivery models to airlines, hotel properties, and other travel suppliers. This segment provides SabreSonic Customer Sales & Service, a reservation system that provides capabilities around managing sales and customer service across an airlines diverse touch points; Sabre AirVision Marketing & Planning, a set of airline commercial planning solutions; and Sabre AirCentre Enterprise Operations, a set of solutions for the holistic planning and administration of airline, airport, and customer operations.