November 6, 2009 / 3:06 PM / 8 years ago

BRIEF-Suncor expects to beat post-takeover cost target

Nov 6 (Reuters) - Suncor Energy Inc (SU.TO) Chief Executive Rick George on third-quarter conference call:

* Says “very confident” will beat target for C$1.3 bln in cost savings

* Says asset sales will cut output by about 10 pct

* Will sell C$2 bln-C$4 bln of non-core assets in 2010

    * No plan to sell 12 percent stake in Syncrude

    * Aims to sell about 30 percent of natural gas assets (Reporting by Jeffrey Jones)

    0 : 0
    • narrow-browser-and-phone
    • medium-browser-and-portrait-tablet
    • landscape-tablet
    • medium-wide-browser
    • wide-browser-and-larger
    • medium-browser-and-landscape-tablet
    • medium-wide-browser-and-larger
    • above-phone
    • portrait-tablet-and-above
    • above-portrait-tablet
    • landscape-tablet-and-above
    • landscape-tablet-and-medium-wide-browser
    • portrait-tablet-and-below
    • landscape-tablet-and-below