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Author Topic: Suncor Earmarks $7.3B for 2013 Capital Spending Back to Topics
GasPasserAB

Champion Author
Edmonton

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Message Posted: Dec 5, 2012 11:48:39 AM

Suncor Energy released its 2013 corporate guidance Monday, which includes $7.3 billion in capital spending balanced between growth and sustaining projects and planned average production of 570,000 to 620,000 barrels of oil equivalent per day (boe/d), representing an increase of approximately eight percent in overall production and approximately 12 percent in oil sands production year over year.

Approximately $3.3 billion of the 2013 capital spend is expected to go towards growth projects, with nearly half of that growth capital earmarked for advancing Exploration and Production projects including Hebron, Golden Eagle and East Coast Canada asset development. In Oil Sands, the company anticipates spending over $1.2 billion to support near-term production growth in In Situ and Base and fund
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iFueler
Champion Author Durham

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Message Posted: Dec 6, 2012 1:45:16 AM

another oil company investing report
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jjjleblanc
Champion Author Rochester

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Message Posted: Dec 5, 2012 9:43:03 PM

The more shale the merrier.
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dh0770
Champion Author Colorado

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Message Posted: Dec 5, 2012 7:08:36 PM

Wish I had "earmarks".
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teenitup
Champion Author Houston

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Message Posted: Dec 5, 2012 3:19:27 PM

Putting their money where their mouth is, good!
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Sneakers55
Champion Author Houston

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Joined:Nov 2005
Message Posted: Dec 5, 2012 2:33:20 PM

On Dec 5, 2012 11:34:07 AM, evowner wrote:

>Oil companies have so much money to work with. And why are we
>afraid to require them to pay taxes to be a part of the American economy?

Suncor is a Canadian company.
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gizbo123
Champion Author Los Angeles

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Message Posted: Dec 5, 2012 2:21:05 PM

Not to worry our dictator will figure how to slow it down.
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kag2010
Champion Author Winnipeg

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Message Posted: Dec 5, 2012 1:22:45 PM

Just greedy all the time.
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YaBassa
Champion Author Michigan

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Message Posted: Dec 5, 2012 12:53:34 PM

Greedy, greedy Big Oil
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humblepie
Champion Author Toledo

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Message Posted: Dec 5, 2012 12:46:26 PM

i thought they only gave big bonuses with their money
i guess thats not true....................
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djwhit
Champion Author Ohio

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Message Posted: Dec 5, 2012 12:38:45 PM

SOUNDS MORE AND MORE LIKE GREED.......FOR THE OIL CO.........
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evowner
Champion Author Salem

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Message Posted: Dec 5, 2012 12:34:07 PM

Oil companies have so much money to work with. And why are we afraid to require them to pay taxes to be a part of the American economy?
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OTISFL
Champion Author Pensacola

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Message Posted: Dec 5, 2012 12:29:13 PM

More money!
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GingoutMD
Champion Author Maryland

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Message Posted: Dec 5, 2012 12:22:34 PM

$7.3B is nothing to shake a stick at. That is still some serious dough for Capital investments.
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Zuegma
Champion Author Nova Scotia

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Message Posted: Dec 5, 2012 12:13:40 PM

Sounds like a very cautious forecast/goal for 2013. No new production additions from their oil sands exploitation? What is the CEO really saying?

And, Suncor exploration in Libya was always modest at best. No comfort feeling about a 'transitional' regime (which was a big mistake by the US and I wonder if France, who championed that cause, is now selling more mirage jets to replace all the old migs they got the US to eliminate)?
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bcline909
Veteran Author Virginia

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Message Posted: Dec 5, 2012 12:10:59 PM

lots of money
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