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Actionable news in SU: SUNCOR ENERGY Inc,

Suncor sinks on plans for higher 2016 spending, lower production

Suncor Energy (SU -3.2%) opens sharply lower after announcing a larger capital budget for 2016 even as it forecasts lower production volumes.

SU says it plans to boost capital spending to as much as C$7.3B (US$5.5B) next year, an increase from ~C$6.3B this year; SU says the program is flexible, within a...


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