Suncor Energy Inc. (SU)

[Stock-n-Seeds]

Capital spending has been reduced for the coming year and I see that as a good thing, Suncor had too many major expansion projects on the books and they needed to slow it down.

- Fort Hills joint venture with Total is still a go but the schedule has been "slowed" down for 2013

- Voyaguer has more of less been shelved for 2013, but due to a short fall in storage capacity the tank farm section of this project is still a go for 2013.

- Suncor Firebag project is completed but the production numbers will continue to rise over the next 6 to 10 months. Two very large well pads have been brought online recently, this means that steam is being pushed into the ground but the resevior has not matured. In the coming months a continuous increase in production will be seen from Firebag as these well pads start to produce more oil.

The drop in capital expenditures and the increase in production should make Suncor's numbers look pretty good in the next 2 quarters.