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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (116503)	2/3/2022 8:44:02 AM
From: Goose94	Read Replies (2) of 203026

Suncor Energy (SU-T) Much like its peers, the oil sands giant is swimming in cash. Suncor reported a record $3.1 billion in fourth-quarter adjusted funds from operations (more than double year-ago levels), and it swung to a net profit of $1.56 billion. That’s despite a drop in production amid what CEO Mark Little described as “operational challenges.” And even though Suncor is making strides whittling down its debt, it is demonstrating restraint by narrowing its 2022 capital spending plan to $4.7 billion, versus the $5 billion cap that it previously announced. BNN.ca

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