North American Construction Group reports employee fatality North American Construction Group regretfully reports that there has been an employee fatality at the company's designated work area within Suncor's (SU) oil sands site. North American Construction Group's Emergency Response personnel responded to the incident at approximately 10:00 AM this morning when an employee was severely injured while performing maintenance work on a piece of heavy equipment. The employee was immediately transported to Northern Lights Regional Health Centre where he was pronounced deceased. North American Construction Group is working with the appropriate authorities and will complete a full investigation into the cause of the incident.
Suncor downgraded to Neutral from Buy at Citigroup Citigroup downgraded Suncor to Neutral saying Canadian integrated oil companies are trading at fair value given its lower long-term crude price assumptions. Citi lowered its price target for shares to C$38 from C$48.