Sunoco's 15min chart signals potential downturn with Bollinger Bands narrowing and KDJ death cross.

According to Sunoco's 15-minute chart, the Bollinger Bands have narrowed, indicating a decrease in the magnitude of stock price fluctuations. Furthermore, the KDJ Death Cross and Bearish Marubozu patterns at 10/17/2025 14:30 suggest that the momentum of the stock price is shifting towards the downside, with potential further decreases in the stock price. Additionally, the presence of sellers controlling the market and the likelihood of continued bearish momentum indicate a bearish trend.

Canadian investors have been treated to a week of significant business transactions, with notable developments in the energy and retail sectors. Cenovus Energy Inc. (TSX:CVE) has strengthened its position in MEG Energy Corp. (TSX:MEG) by increasing its stake to 9.8%, according to MoneySense. Meanwhile, Parkland Corp. (TSX:PKI) has cleared a key regulatory milestone in its takeover by Sunoco LP, and Cineplex Inc. (TSX:CGX) has sold its digital media subsidiary to a U.S. company.

Cenovus Energy, which has been pursuing a friendly takeover of MEG Energy, has acquired an additional 3.28 million shares, bringing its total holdings to 25 million MEG shares. This move follows the withdrawal of Strathcona Resources Ltd. (TSX:SCR)'s rival takeover offer for MEG. The Cenovus offer values MEG at $8.6 billion, including assumed debt, and is set to be voted on by MEG shareholders on October 22, MoneySense reported. The two companies share neighbouring oilsands properties at Christina Lake, south of Fort McMurray, Alberta.

In a separate development, the Parkland-Sunoco deal, valued at US$9.1 billion including assumed debt, has received Investment Canada Act approval . This approval marks a significant milestone for the transaction, which was announced amidst tense Canada-U.S. relations and resource nationalism. The deal, which is expected to close in the fourth quarter of this year, follows a bitter proxy battle between investors and Parkland management over the company's performance and strategy. Parkland owns several prominent gas station chains and a refinery in Burnaby, British Columbia.

Cineplex Inc. has also made a significant move, selling its Cineplex Digital Media subsidiary to Creative Realities Inc. for $70 million . The deal includes a long-term agreement for Cineplex to continue as CDM's exclusive advertising sales agent. The proceeds from this sale will be used to strengthen Cineplex's balance sheet and facilitate share buybacks and debt reduction.

These transactions highlight an active stretch in Canadian business, with major deals in the energy, retail, and entertainment sectors. Investors should keep a close eye on these developments as they unfold.