Suncor chief favours growth from within

Article Abstract:

Suncor Energy Inc has dismissed speculations that the company has resumed merger talks with Petro-Canda. Suncor Pres and CEO Richard George said that the company prefers to grow internally because mergers do not serve the interests of the shareholders and workers. The company runs a chain of Sunoco gasoline stations and is planning to expand its oil sands facility near Fort McMurray, Alberta.

United States, Strategy & planning, Suncor Energy Inc.

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Who profits from $41 crude? More than just oil companies

Article Abstract:

The high shocks of oil prices in the year 2004 as going to $41 a barrel are making much of the consumers to switch to gasoline cars, which is hitting to $1 liter. Expensive energy is expected to hit consumers and companies alike but some consumers switching to gasoline cars are termed as beneficiaries.

Canada, Motor vehicles and car bodies, Automobiles, Automobile Manufacturing, Commodity & service prices, PETROLEUM AND COAL PRODUCTS, Petroleum & Energy Products, Prices and rates, Fuel and fuel systems, Company pricing policy

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