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Home Suncor Sets $21 Billion to Expand - Despit...

Suncor Sets $21 Billion to Expand - Despite "The Royalty Regime"

Suncor recently announced it will spend $21B in an oilsands expansion that will add 200,000 barrels a day of crude oil output by 2012. Based on $60 barrel oil, the new Royalty regime, Suncor expects a healthy 15% return on capital investment.

Meanwhile, CIBC says oil will hit $150 in five years.

Posted Wednesday Feb 06