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Timothy Smith

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Timothy Smith

Re: Stock-n-Seeds post# 134

Thursday, 10/31/2013 11:46:20 AM

Thursday, October 31, 2013 11:46:20 AM

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Suncor approves $12.9B Fort Hills oil sands project with Total, Teck
Suncor (SU +0.8%) says it will proceed with the C$13.5B ($12.9B) Fort Hills oil sands project.

The venture with Total (TOT -0.7%) and Teck Resources (TCK -1.4%) will begin producing crude in 2017, adding 180K bbl/day of output in Alberta; SU’s share of the costs will be C$5.5B.

In its Q3 results, SU also cut its full-year production target to 545K-590K boe/day from an earlier outlook of 570K-620K because of disruptions in Libya, planned outages at Syncrude Canada and the sale of part of its natural gas business in western Canada.

Purely my own opinion. Do your Due Diligence.
Oil and Gas Stocks | Micro Cap | Small Cap | Mid Cap

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