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Stock Market & Financial Investment News

News Breaks
February 24, 2013
17:10 EDTCNQ, SUSuncor, Canadian Natural could benefit from Keystone XL, Barron's reports
Suncor (SU) and Canadian Natural (CNQ) have not fared well due to environmental fears and an increase in U.S. oil production; however, pipelines like Keystone XL could help the stocks rise over 30%, Barron's contends. Both companies could be attractive to activist investors, the paper adds. Reference Link
News For SU;CNQ From The Last 14 Days
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November 18, 2014
18:51 EDTSUSuncor sees FY15 CapEx $7.2B-$7.8B, FY15 avg production 540,000-585,000 BOE/d
Suncor Energy released its 2015 corporate guidance, which includes capital spending of between $7.2B-$7.8B and planned average production of 540,000-585,000 barrels of oil equivalent per day. Approximately 55% or up to $4.3B of the 2015 capital spend is expected to go towards growth projects with over $2B earmarked for the Oil Sands segment. About 45% or up to $3.5B of Suncor's 2015 capital spend is expected to be allocated towards sustaining capital investments focused on safe, reliable and efficient operations across the company's assets. Suncor also confirmed comments made in its Q3 release that total production for 2014 is anticipated to be in the low end of its annual guidance range, with Oil Sands operations production slightly below the lower end of the guidance range.

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