Replies to post #134 on Suncor Energy Inc. (SU)

[Timothy Smith]

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.