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Suncor Energy Inc

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  • CALGARY, Alberta, Jan 29- Canadian Oil Sands Ltd, the largest-interest owner in the Syncrude oil sands project, slashed its dividend and further reduced 2015 capital spending on Thursday as fourth-quarter profit dropped 87 percent due to lower oil prices. Canadian Oil Sands said net income in the quarter was C $25 million, or 5 Canadian cents per share, down from C...

  • OTTAWA, Jan 28- A North American Free Trade Agreement panel has halted a probe of Canada's oversight of oil sands tailings ponds following a unanimous vote by its three member countries, officials said on Wednesday. The complainants argued that Canada was failing to enforce environmental laws related to alleged leaks from industry tailings ponds into water...

  • NAFTA panel halts probe of Canadian oil sands oversight Wednesday, 28 Jan 2015 | 3:52 PM ET

    The complainants argued that Canada was failing to enforce environmental laws related to alleged leaks from industry tailings ponds into water in northern Alberta. Canada has said both the federal government and provincial government in Alberta are enforcing their environmental laws. Canada argued that the probe would interfere with ongoing...

  • Jan 28- Cenovus Energy Inc Canada's No. 2 independent oil producer, cut its 2015 capital budget by C $700 million on Wednesday, blaming plunging crude oil prices. The savings will come from suspending the bulk of Cenovus's conventional drilling program in southern Alberta and Saskatchewan, and delaying some long-term expansions and new projects in the oil...

  • Jan 28- Cenovus Energy Inc, Canada's No. 2 independent oil producer, cut its capital spending budget for 2015 in response to the slump in crude oil prices. The company said it could defer spending of up to C $700 million, mainly by suspending a bulk of its conventional drilling in southern Alberta and Saskatchewan and delaying long-term oil sands expansion and new...

  • TORONTO, Jan 21- Canada's main stock index rallied on Wednesday after the central bank cut its benchmark rate in a shock move, helping boost shares of energy companies as well as interest-sensitive banks and other financial issues. "The Bank of Canada's surprise cut to its overnight rate will help to buffer against the impact on employment, household incomes and...

  • CALGARY, Alberta, Jan 20- Canada's oil sands companies are perilously close to operating at a loss after six months of plunging crude prices, yet many say they have no plans to cut production at their vast projects in northern Alberta. On the contrary, Syncrude and Canadian Natural Resources Ltd are planning to boost production, in the expectation economies of...

  • Enbridge Inc's Illinois- to-Oklahoma Flanagan South line, coupled with Enterprise Products Partners' Oklahoma-to-Texas Seaway Twin line, are delivering their first large-volume shipments to the biggest refinery market in the United States, most of which is built to handle viscous oil like that produced in Canada. "We are connected all the way from Canada to...

  • CALGARY, Alberta, Jan 13- Canada's largest oil and gas company Suncor Energy Inc said on Tuesday it would cut about 1,000 employees and contractors, freeze hiring and slash C $1 billion in capital spending in response to falling crude oil prices. Suncor said it would also defer some capital projects that have not yet been sanctioned, such as MacKay River 2 in...

  • CALGARY, Alberta, Jan 13- Canada's largest oil and gas company Suncor Energy Inc will cut about 1,000 employees and contractors and slash C $1 billion in capital spending in response to the recent plunge in crude oil prices, it said on Tuesday. Suncor will also defer some capital projects that have not yet been sanctioned, such as MacKay River 2 in northern Alberta...

  • *Falling copper prices weigh on First Quantum. TORONTO, Jan 5- Canada's main stock index recorded its biggest single-day percentage drop in about 20 months, tumbling nearly 2.5 percent on Monday, as a deepening selloff in oil prices hit shares of energy companies. Nine of the 10 main sectors on the Toronto equity index were trading in the red.

  • Your first trade for Wednesday Tuesday, 23 Dec 2014 | 6:47 PM ET

    The "Fast Money" traders give their final trades of the day.

  • FORT MCMURRAY, Alberta, Dec 16- The boomtown in the heart of Canada's oil sands region is getting nervous. Fort McMurray, surrounded by the boreal forest of northern Canada, has long drawn thousands with jobs that paid six-figure salaries to a region that produces more crude than anywhere else in the Western Hemisphere. Suncor Energy Inc, Total SA and Statoil ASA...

  • Canada rail safety jobs vacant as budget cuts bite Monday, 8 Dec 2014 | 9:00 AM ET

    Rail safety is in focus with the boom in oil shipments and a spate of derailments across North America, and the vacancies create a safety risk, industry experts and Canada's public engineers' union say. The chair of the Transportation Safety Board, Kathy Fox, says there is risk of a spill as long as the government fails to address its oversight weaknesses and...

  • FACTBOX-Five facts about Keystone XL pipeline Thursday, 13 Nov 2014 | 2:34 PM ET

    House of Representatives prepared to vote on Friday to approve TransCanada Corp's controversial Keystone XL oil pipeline that will help transport oil from Canada to the U.S. The Senate could take up the bill next week, possibly on Tuesday, setting up a potential showdown with the White House. The 1,179- mile pipeline would move 830,000 barrels per day of oil...

  • Fed will go out of its way to be dovish Wednesday, 29 Oct 2014 | 6:01 AM ET
    Traders on the floor of the New York Stock Exchange.

    The Fed is expected to announce the end of the easing program, but observers say the Fed is unlikely to change the language about keeping rates low.

  • Markets could shrug off Fed if it sounds dovish Tuesday, 28 Oct 2014 | 6:49 PM ET
    Traders on the floor of the New York Stock Exchange.

    The Fed is expected to announce the end of the easing program, but observers say the Fed is unlikely to change the language about keeping rates low.

  • CANADA STOCKS-TSX climbs as resource prices rise Tuesday, 28 Oct 2014 | 4:56 PM ET

    TORONTO, Oct 28- Canada's main stock index rose more than 1 percent on Tuesday, with higher crude and other commodity prices helping boost energy and mining companies as investors returned to buying after a sharp sell-off in recent weeks. Suncor Energy Inc was the biggest positive driver, adding 2.2 percent to C $39, while Canadian Natural Resources Ltd gained...

  • Sharp drops in many of the stocks owned by Buffett's Berkshire Hathaway in recent weeks hit the sprawling conglomerate's equity portfolio hard. The loss on seven of those holdings alone totals more than $5 billion provided Berkshire's stakes have remained the same since June 30, the last date for which they were disclosed. Berkshire Hathaway did not respond...

  • CALGARY, Alberta, Oct 20- Spot crude-by-rail volumes are down in Canada as traders and marketers including Glencore PLC are deterred by stronger heavy oil prices that have erased arbitrage opportunities to ship cheap crude from landlocked Alberta to higher-priced U.S. markets, industry sources said. The international commodities group Glencore no longer...