Suncor Energy Inc said on Wednesday it will not proceed with its proposed multibillion-dollar Voyageur oil sands upgrading plant in northern Alberta, because recent changes in oil market conditions have squeezed potential returns. Suncor, Canada's largest oil company, said it will take charges of C$140 million ($134 million) to earnings and C$180 million to cash flow as a result of the decision.
Suncor Energy Inc. (Suncor) is an integrated energy company. Shares of SU fell by 1.03% or $-0.31/share to $29.89. In the past year, the shares have traded as low as $25.95 and as high as $35.82. On average, 3825870 shares of SU exchange hands on a given day and today's volume is recorded at 4467684.
Suncor Energy Inc. (Suncor) is an integrated energy company. Shares of SU fell by 1.07% or $-0.33/share to $30.40. In the past year, the shares have traded as low as $26.97 and as high as $34.99. On average, 3186170 shares of SU.TO exchange hands on a given day and today's volume is recorded at 2728551.
Source
