Suncor Weighing Spending Cuts on Oil Discount: Corporate - Bloomberg - 0 views
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C$11.6 billion ($11.8 billion) oil-sands project the first major spending reduction among Alberta energy pr
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West Canada Select, traded at a record $42.50 a barrel less than U.S. crude on Dec. 14.
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C$2.5 billion a month because of the lower prices, according to an estimate by Houston-based investment bank PPHB Securities LP. The discount has helped erode Canadian oil profits and hurt companies’ shares.
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