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Suncor Energy trimming capital spending by a further $400 million

2015-07-30 05:29:08| Oil & Gas - Topix.net

Suncor Energy is trimming its spending plans for this year by a further $400 million, while at the same time boosting its production targets and dividend. The moves come as U.S. benchmark crude prices continue to languish below US$50 a barrel, dashing hopes in the oilpatch of a quick recovery.

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