Suncor's (SU +0.3%) decision last week to scrap its $11.5B Voyageur oil sands plant shows...

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

Suncor's (SU +0.3%) decision last week to scrap its $11.5B Voyageur oil sands plant shows Canadian producers are betting they can boost shareholder returns by shipping crude directly to refineries instead of investing in costly processing. "There’s going to continue to be a ramp-up in light oil and therefore that hurts the economics of an upgrader,” a Canaccord analyst says.