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Wednesday, September 23, 2015 8:30:55 PM
Kruger sees IMO's overall annual spending on expansion and maintenance to average ~C$2.5B ($1.9B) in the coming years as it cuts costs and slows expansion.
Canadian oil sands producers have cut budgets this year; IMO operates bitumen mining at its Kearl site, where it is aiming to reduce cash operating costs of less than C$30/bbl, in addition to its Cold Lake and Nabiye facilities as well as owning a stake in Syncrude.
Purely My Own Opinion. Do Your Own Due Diligence.
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