Suncor Raises Output, Capex Forecasts

摘要

Suncor Energy forecast higher production and spending targets for fiscal year 2021, as the Canadian oil and gas producer bets on a faster rebound in demand and prices from pandemic lows. The company expects average production of 740,000-780,000 boe/d in 2021, about 10% higher than the midpoint of its forecast for 2020.