Suncor, Cenovus fight despite low pricesBoth companies have upbeat outlooks, with Suncor increasing capital budget 15%; Cenovus’ budget down, but production goals flat GARY PARK For Petroleum News
Canada’s high-cost, low-return oil sands players are not altogether crawling into a hole to ride out the storm.
Suncor Energy and Cenovus Energy, the two largest oil sands producers and barometers to the sector’s future, have delivered surprisingly upbeat outlooks for 2016 and beyond.
Suncor set it....
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