Suncor Energy (SU -0.6%) may make its C$11.6B Voyageur oil sands project the first major...

|About: Suncor Energy Inc. (SU)|By:, SA News Editor

Suncor Energy (SU -0.6%) may make its C$11.6B Voyageur oil sands project the first major spending reduction among Alberta energy producers, as cutting production costs is one of the few options available while the region’s crude prices sink to the lowest in the world. The revolution in U.S. production and the gridlock in pipeline approval is "a train wreck" for Canadian producers, an analyst says.