Velo3D's stock price declined on October 5 following the announcement of CFO James Suva's departure. Concurrently, Cenovus Energy entered into a C$5.7 billion cash-and-stock agreement to acquire Athabasca Oil Corp to expand its oilsands production. On October 6, Suncor Energy divested its East Coast offshore assets for $1.2 billion to refocus on large-scale oilsands resources. Suncor intends to utilize the proceeds from this sale to increase share buybacks for its shareholders.
