Suncor Energy Inc. (SU)

[Stock-n-Seeds]

Pretty much what I expected, on the production end they are plagued by Coker operation at Syncrude. (Suncor owns a portion of Syncrude's Upgrading facility) I worked at Syncrude for 22 years prior to getting into the commissioning world and the Cokers are were I worked,they push these units hard and they are prone to breakdowns. On the other hand Suncor benefits from the stable / increasing output from the SAGD players, especially from the Firebag facility.

The Fort Hills announcement was no surprise and the rumors have been flying for months that Total Energy had given Suncor the ultimatum of "Sh!_t or get off the pot". Suncor has done well to get the price for the project down below 14B.

How the Fort Hills announcement will affect share price is anyone's guess, but it is obvious that the books will change as the money starts to flow into the construction of the facility.
Startup of Fort Hills is slated for 2017 so there will be a drain in the next few years, which will last until Fort Hills is brought on line.