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Suncor Energy (SU) confirms it is scrapping its $11.5B Voyageur oil sands upgrader project,...

Suncor Energy (SU) confirms it is scrapping its $11.5B Voyageur oil sands upgrader project, citing changing market conditions that challenge the economics of the project. SU will take a charge to Q1 net income and cash flow from operations of ~$140M and ~$180M respectively as a result of the decision. (earlier)
Comments (3)
  • riverat
    , contributor
    Comments (8) | Send Message
     
    I think they just made a huge mistake.
    27 Mar 2013, 07:22 PM Reply Like
  • stevewcpa
    , contributor
    Comments (15) | Send Message
     
    I made the huge mistake investing in this loser
    27 Mar 2013, 07:40 PM Reply Like
  • Power Hedge
    , contributor
    Comments (992) | Send Message
     
    Ouch! Well, this could change things... I'm going to take another look at this one... without Voyageur, the company looks a lot weaker than several other plays in this sector.
    28 Mar 2013, 08:38 AM Reply Like
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