Seeking Alpha

Suncor (SU +3.9%) could delay billions of dollars in projects as ways are studied to enhance...

Suncor (SU +3.9%) could delay billions of dollars in projects as ways are studied to enhance their profitability, new CEO Steve Williams signals. SU has the ability under JV agreements to completely withdraw from its Alberta-based projects estimated to cost more than $20B, he says. "Indications are that some of these projects are moving backwards, not forward." (earnings)
Comments (1)
  • tomlos
    , contributor
    Comments (1147) | Send Message
     
    Good for them. I'm glad they are taking an intelligent and cost effective approach to projects instead of just doing projects for the sake of it. These guys have a lot of potential, it's just a matter of harnessing it and using it effectively. Long SU.
    25 Jul 2012, 03:45 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Tools
Find the right ETFs for your portfolio:
Seeking Alpha's new ETF Hub
ETF Investment Guide:
Table of Contents | One Page Summary
Read about different ETF Asset Classes:
ETF Selector