Suncor Energy, West Fraser Timber: Canadian Equity Preview

By John Kipphoff

Oct. 28 (Bloomberg) -- The following companies may have unusual price changes in Canadian trading tomorrow. Stock symbols are in parentheses, and share prices are from the previous close in Toronto.

The Standard & Poor’s/TSX Composite Index fell 8.1 percent to 8,537.34, the lowest since September 2004.

Suncor Energy Inc. (SU CN): The second-largest oil-sands producer completed repairs on a hydrogen unit at an upgrader in Fort McMurray, Alberta, and will reach planned processing rates by Nov. 1. The upgrader is producing several distillate products including diesel said Shawn Davis, a spokeswoman for Suncor. The shares fell 12 percent to C$23.18.

West Fraser Timber Co. (WFT CN): Canada’s biggest lumber producer reported a third-quarter loss of 4 cents share excluding one-time items, beating forecasts. Analysts estimated a loss of 18 cents a share on average on that basis, according to Bloomberg data. The shares fell 5.5 percent to C$27.42.

To contact the reporter on this story: John Kipphoff in Toronto at jkipphoff@bloomberg.net.