Dominion Lending Centres Clearlease Reports Suncor (TSX:SU) won’t return to Libya while Gadhafi in charge, may take writedown in Q2
VANCOUVER, BC (June 14, 2011) Dominion Lending Centres Clearlease Reports The head of Suncor Energy (TSX:SU) said Tuesday June 14, 2011 the Canadian oil giant won’t return to Libya while the Gadhafi regime remains in power.
Rick George also says the Alberta-based company may announce a writedown of its operations in the war-torn country as early as next month.
Suncor has said it expects a production cut of 30,000 barrels of oil per day because of continuing unrest in the North African country. Libya accounted for just one per cent of Suncor’s earnings in 2010.
Through its merger with Petro-Canada in 2009, Suncor inherited the Libyan oil properties as well as natural gas operations in Syria, where production remains unaffected despite violent clashes between the Damascus government and protesters.
In a speech to the Canadian Club of Montreal, George also outlined the industry’s efforts to address the environmental challenges of oilsands production.
And he later said noted that rising oil prices are a “mixed bag” for the industry.
George said the industry doesn’t need US$100 per barrel for crude to make money, noting that higher oil prices are regressive for the poor who feel the impact the most and also tend to dampen demand.
Meanwhile, growing oilsands activity in Fort McMurray, Alta., has yet to put pressure on materials and equipment costs, but labour is expected to increase as of 2012, he told reporters.
However, George said the oil industry is more disciplined than during the last cycle and will find a way to solve its problems..
Dominion Lending Centres Clearlease Video Link: http://youtu.be/f_kk7WJa7Uk
For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html
About Dominion Lending Centres Clearlease
Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.
Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.
You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.
Contact DLC Clearlease.com:
Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. Alexander Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 199
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease
###
Video Link: http://youtu.be/f_kk7WJa7Uk
VANCOUVER, BC (June 14, 2011) Dominion Lending Centres Clearlease Reports The head of Suncor Energy (TSX:SU) said Tuesday June 14, 2011 the Canadian oil giant won’t return to Libya while the Gadhafi regime remains in power.
Rick George also says the Alberta-based company may announce a writedown of its operations in the war-torn country as early as next month.
Suncor has said it expects a production cut of 30,000 barrels of oil per day because of continuing unrest in the North African country. Libya accounted for just one per cent of Suncor’s earnings in 2010.
Through its merger with Petro-Canada in 2009, Suncor inherited the Libyan oil properties as well as natural gas operations in Syria, where production remains unaffected despite violent clashes between the Damascus government and protesters.
In a speech to the Canadian Club of Montreal, George also outlined the industry’s efforts to address the environmental challenges of oilsands production.
And he later said noted that rising oil prices are a “mixed bag” for the industry.
George said the industry doesn’t need US$100 per barrel for crude to make money, noting that higher oil prices are regressive for the poor who feel the impact the most and also tend to dampen demand.
Meanwhile, growing oilsands activity in Fort McMurray, Alta., has yet to put pressure on materials and equipment costs, but labour is expected to increase as of 2012, he told reporters.
However, George said the oil industry is more disciplined than during the last cycle and will find a way to solve its problems..
Dominion Lending Centres Clearlease Video Link: http://youtu.be/f_kk7WJa7Uk
For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html
About Dominion Lending Centres Clearlease
Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.
Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.
You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.
Contact DLC Clearlease.com:
Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. Alexander Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 199
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease
###
Video Link: http://youtu.be/f_kk7WJa7Uk
Dominion Lending Centres Clearlease Reports Suncor (TSX:SU) won’t return to Libya while Gadhafi in charge, may take writedown in Q2
VANCOUVER, BC (June 14, 2011) Dominion Lending Centres Clearlease Reports The head of Suncor Energy (TSX:SU) said Tuesday June 14, 2011 the Canadian oil giant won’t return to Libya while the Gadhafi regime remains in power.
Rick George also says the Alberta-based company may announce a writedown of its operations in the war-torn country as early as next month.
Suncor has said it expects a production cut of 30,000 barrels of oil per day because of continuing unrest in the North African country. Libya accounted for just one per cent of Suncor’s earnings in 2010.
Through its merger with Petro-Canada in 2009, Suncor inherited the Libyan oil properties as well as natural gas operations in Syria, where production remains unaffected despite violent clashes between the Damascus government and protesters.
In a speech to the Canadian Club of Montreal, George also outlined the industry’s efforts to address the environmental challenges of oilsands production.
And he later said noted that rising oil prices are a “mixed bag” for the industry.
George said the industry doesn’t need US$100 per barrel for crude to make money, noting that higher oil prices are regressive for the poor who feel the impact the most and also tend to dampen demand.
Meanwhile, growing oilsands activity in Fort McMurray, Alta., has yet to put pressure on materials and equipment costs, but labour is expected to increase as of 2012, he told reporters.
However, George said the oil industry is more disciplined than during the last cycle and will find a way to solve its problems..
Dominion Lending Centres Clearlease Video Link: http://youtu.be/f_kk7WJa7Uk
For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html
About Dominion Lending Centres Clearlease
Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.
Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.
You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.
Contact DLC Clearlease.com:
Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. Alexander Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 199
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease
###
Video Link: http://youtu.be/f_kk7WJa7Uk