Suncor From the Globe and Mail:
Statements by Suncor management provide a welcome ray of optimism for the domestic energy sector. The Wall Street Journal reports that the company is treating low oil prices as a temporary inconvenience in expectations that the commodity price will double from current levels.
“[Suncor] won’t delay its biggest long-term growth projects because it expects crude oil prices to double from current levels within the next three to four years. ‘In the longer term, oil is going to go back to $90-$100,’ Alister Cowan, the oil sands producer’s chief financial officer, told investors.”