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Suncor Energy Inc. Message Board

  • fraudstreettrader fraudstreettrader Mar 26, 2013 8:33 AM Flag

    Suncor Energy Inc (SU). The oil company is expected to shelve plans for a multibillion-dollar oil sands processing plant in northern Alberta

     

    • Suncor Energy Inc (SU). The oil company is expected to shelve plans for a multibillion-dollar oil sands processing plant in northern Alberta when it announces the fate of the facility in the coming days, blaming a forecast for weakening returns. The decision by the company on its long-delayed and partially built Voyageur upgrading plant in Alberta is one of a pair of major developments in the oil sands due this week, the other being the targeted start-up of Imperial Oil Ltd's (IMO) Kearl mining project after about four years of construction.

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33.06+0.08(+0.24%)Apr 24 4:02 PMEDT