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Suncor posts net loss, $3.4-billion writedown on Fort Hills acquisition

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Suncor Energy beat analyst expectations in reporting $2.6 billion in adjusted operating earnings in the third quarter. Find out more.

major beat analyst expectations in reporting $2.6 billion in adjusted operating earnings in the quarter, more than double the amount it saw in the same period last year thanks to higher energy prices and refined product sales.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails. Postmedia Network Inc.

The hike in production from Suncor’s oilsands business comes as the company has pledged to improve operations following a spate of missed production targets and safety issues that

 

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'Elevated risk, elevated reward': Suncor faces scrutiny ahead of Q3 earningsQuestions arise as Suncor searches for a new CEO and embarks on a mission to address oilsands safety and production issues. Read more.
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'Elevated risk, elevated reward': Suncor faces scrutiny ahead of Q3 earningsQuestions arise as Suncor searches for a new CEO and embarks on a mission to address oilsands safety and production issues. Read more.
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