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Suncor cuts spending by 10% after posting $2bn loss on writedowns

Cecilia Jamasmie | February 04, 2016 | 2:55 am Energy Suppliers & Equipment Canada Europe 

Suncor Energy (TSX, NYSE:SU), Canada's largest oil and gas producer, will reduce spending by about 10% this year after it posted Wednesday a surprise loss for the fourth quarter of 2015 triggered by writedowns on the value of Canadian, Libyan and offshore...

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