Not Logged In Log In   Sign Up   Points Leaders
Follow Us    10:13 AM

Message Forum - Read Message

Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Suncor Earmarks $7.3B for 2013 Capital Spending Back to Topics
GasPasserAB
Champion Author
Edmonton

Posts:33,500
Points:1,294,200
Joined:Apr 2010
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
Visit RigZone for full article
REPLIES (newest first) Post a Reply
iFueler
Champion Author Durham

Posts:76,700
Points:1,011,875
Joined:Nov 2012
Message Posted: Dec 6, 2012 1:45:16 AM

another oil company investing report
jjjleblanc
Champion Author Rochester

Posts:9,195
Points:2,323,315
Joined:Jun 2008
Message Posted: Dec 5, 2012 9:43:03 PM

The more shale the merrier.
dh0770
Champion Author Colorado

Posts:6,987
Points:675,810
Joined:Jun 2011
Message Posted: Dec 5, 2012 7:08:36 PM

Wish I had "earmarks".
teenitup
Champion Author Houston

Posts:5,541
Points:997,380
Joined:Sep 2012
Message Posted: Dec 5, 2012 3:19:27 PM

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

Posts:64,630
Points:2,842,415
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.
gizbo123
Champion Author Los Angeles

Posts:3,127
Points:2,415,925
Joined:Dec 2005
Message Posted: Dec 5, 2012 2:21:05 PM

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

Posts:7,758
Points:1,734,935
Joined:Apr 2010
Message Posted: Dec 5, 2012 1:22:45 PM

Just greedy all the time.
YaBassa
Champion Author Michigan

Posts:5,828
Points:1,355,375
Joined:Nov 2011
Message Posted: Dec 5, 2012 12:53:34 PM

Greedy, greedy Big Oil
humblepie
Champion Author Toledo

Posts:65,113
Points:3,185,745
Joined:Mar 2006
Message Posted: Dec 5, 2012 12:46:26 PM

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

Posts:6,051
Points:2,002,080
Joined:Jul 2009
Message Posted: Dec 5, 2012 12:38:45 PM

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

Posts:5,957
Points:1,170,740
Joined:May 2012
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?
OTISFL
Champion Author Pensacola

Posts:5,993
Points:1,160,510
Joined:Apr 2009
Message Posted: Dec 5, 2012 12:29:13 PM

More money!
GingoutMD
Champion Author Maryland

Posts:4,862
Points:1,035,755
Joined:Jan 2010
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.
Zuegma
Champion Author Nova Scotia

Posts:4,111
Points:1,006,655
Joined:Aug 2012
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)?
bcline909
Veteran Author Virginia

Posts:401
Points:80,170
Joined:Nov 2012
Message Posted: Dec 5, 2012 12:10:59 PM

lots of money
Post a reply Back to Topics