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Suncor Energy (ticker: SU) - teerzandfonds

74 Posts
Pagina: «« 1 2 3 4 »» | Laatste | Omlaag ↓
  1. [verwijderd] 27 oktober 2005 18:42
    UPDATE 2-Suncor's 3rd-qtr earns flat, oil sands fire weighs
    Thu Oct 27, 2005 09:46 AM ET

    TORONTO, Oct 27 (Reuters) - Suncor Energy Inc. (SU.TO: Quote, Profile, Research) said on Thursday its third-quarter profit was almost flat, as lower oil sands production tempered gains from higher commodity prices and insurance proceeds.

    Canada's No. 2 oil producer and refiner also said it will hedge about 7,000 barrels per day at a minimum price of $50 per barrel in 2006 and 2007 and would consider more hedges of up to 30 percent of crude oil production.

    The company, which has extensive Alberta oil sands operations, said it earned C$341 million ($291 million), or 75 Canadian cents a share, up from year-earlier C$337 million, or 74 Canadian cents a share.

    Cash flow, a glimpse into an oil company's ability to fund development, was C$651 million, up from C$585 million in the previous year.

    Suncor's results have been hampered this year by a fire in January that crippled one of the big units that turn tar-like bitumen from the oil sands into light crude.

    Suncor said oil sands production averaged 148,200 barrels a day in the third quarter, down from 237,500 one year earlier.

    Repairs were completed in September, and the subsequent installation of a new unit at the plant has boosted capacity to 260,000 barrels a day from 225,000.

    The company said with both repairs and expansion complete, production capacity has increased to 260,000 bpd.

    Suncor also said it is now focused on plans to further increase production capacity to 350,000 bpd in 2008.

    Shares in the company, which also runs refining and marketing operations in Ontario and Colorado, were up 94 Canadian cents at C$61.99 in early activity on the Toronto Stock Exchange on Thursday.

    The shares are up more than 50 percent since the start of the year. That beat a 47 percent increase in the TSX energy group.

    ($1=$1.17 Canadian)

    yahoo.reuters.com/financeQuoteCompany...

  2. [verwijderd] 9 november 2005 20:25
    CALGARY, Nov. 3 /PRNewswire-FirstCall/ - Suncor Energy Inc. reported
    today that production at its oil sands facility during October averaged
    approximately 264,000 barrels per day (bpd), including about 11,000 bpd of
    bitumen that was sold directly to the market. Volumes of bitumen sold directly
    to the market decreased from the previous month as in-situ bitumen production
    began to flow to Suncor's expanded upgrading operation in mid-October.
    Year-to-date oil sands production averaged approximately 151,000 bpd,
    including about 16,000 bpd of in-situ bitumen.
    Year-to-date and monthly production volumes reflect the start-up of the
    expanded oil sands facility. Year-to-date production also reflects the impact
    of a fire that occurred at the company's oil sands operations January 4.
    Repair work on the damaged portions of the facility was completed in mid-
    September.
    On a monthly basis, Suncor reports production numbers from its oil sands
    operation in order to provide stakeholders with a more timely review of
    operational performance. These numbers are preliminary and subject to
    adjustment. Monthly totals may differ from year-to-date total due to rounding,
    the impact of sales and changes in inventory. Production volumes will be
    confirmed when Suncor's fourth quarter results are released January 26, 2006.

    www.prnewswire.com/cgi-bin/stories.pl...,+06:02+AM
  3. [verwijderd] 1 december 2005 20:37
    AP
    Suncor Energy Raises Budget 30 Percent
    Thursday December 1, 11:00 am ET
    Suncor Energy Increases Capital Spending Plan by 30 Percent to Fund Growth Projects

    NEW YORK (AP) -- Canada-based Suncor Energy Inc. on Thursday said the board has approved a 30 percent year-over-year increase in its spending budget for 2006, with the majority of funds earmarked for expansion projects.
    The company said it plans to spend 3.5 billion Canadian dollars ($3 billion) next year. Of the total, 2.4 billion Canadian dollars ($2.05 billion) is expected to fund growth projects with the balance funding current operations.

    Suncor said it is targeting average oil sands production of 260,000 barrels per day and natural gas production of 205 million to 210 million cubic feet per day in 2006. The company plans to grow its production capacity to 350,000 barrels per day in 2008.

    Suncor shares rose a penny to $56.90 in morning trading on the New York Stock Exchange.

    biz.yahoo.com/ap/051201/suncor_energy...
  4. [verwijderd] 2 december 2005 17:50
    Suncor adds $90 million to upgrade refinery
    By Steve Raabe
    Denver Post Staff Writer



    Suncor Energy Inc. plans to spend an additional $90 million at its Commerce City refinery to complete environmental and capacity improvements.

    The original $300 million budget rose to $390 million because of labor shortages, material supply disruptions and miscalculated original cost estimates, Suncor officials said Thursday.

    Upon completion of the project in the second quarter of next year, the refinery will be able to process more of the abundant Canadian oil sands that energy experts say will become an increasingly important part of U.S. oil imports.

    The higher budget makes the refinery improvements the second-largest current construction job in Colorado after the $1.7 billion T-REX highway project, said Mike Ashar, executive vice president of Suncor Energy USA. Nine hundred employees are working on the refinery improvements.

    The refinery project includes three major components:

    Lowering the amount of sulfur in diesel fuel from 500 parts per million to 15 parts per million to meet a federal mandate effective June 1.

    A similar lowering of sulfur in gasoline from 300 parts per million to 30 parts per million for a federal mandate set for January 2009.

    Increasing the refinery's ability to process oil sands from Alberta, where Suncor is the world's second-largest oil-sands miner.

    That improvement will enable Suncor to increase oil-sands refining from the current 8,000 to 9,000 barrels per day to 15,000 barrels per day, and also process oil sands with higher sulfur content than the refinery can now handle.

    Suncor's 90,000-barrel-a-day facility, the only refinery in

    Colorado, supplies about 35 percent to 40 percent of the state's gasoline and diesel fuels.
    Throughout its North American operations, Suncor plans to increase spending 30 percent in 2006 to boost output and modify its refineries.

    Suncor forecasts spending about $2.98 billion, with almost 71 percent allocated to oil-sands projects, the Calgary-based company said.

    Daily oil-sands production in 2006 is estimated at 260,000 barrels, and natural-gas output will be 205 million to 210 million cubic feet, the company said.

    Suncor, Shell Canada Ltd. and other oil companies plan to spend billions between 2006 and 2015 to boost production from Alberta's tarlike sands, estimated to contain the most oil outside the Middle East. The companies are trying to capitalize on rising fuel demand in China, India and the U.S. that has boosted oil prices to a high of more than $70 a barrel this year.

    www.denverpost.com/business/ci_3270267
  5. [verwijderd] 19 december 2005 17:54
    Vooralsnog weinig effect op de koers:

    Suncor Refinery fire closes I-270; no injuries reported
    By The Denver Post

    Flames shot more than 100 feet into the air when a fire broke out around 9 p.m. Saturday at Suncor Refinery, 5801 Brighton Blvd. in Commerce City.

    Safety concerns prompted the closure of Interstate 270 in both directions between York and Quebec streets for about an hour. The highway reopened after firefighters got the blaze under control.

    Also closed for a time were surrounding streets, including parts of Brighton Boulevard, York Street and other feeder streets near the refinery.

    The fire began with a leak in a fuel-production

    part in a crude oil unit, said Mike Saunders, spokesman for the Commerce City Police Department. Firefighters gained control of the blaze at 10:10 p.m.
    No injuries or fatalities were reported.

    www.denverpost.com/news/ci_3320475
  6. [verwijderd] 6 januari 2006 11:46
    Thu Jan 5, 6:29 PM ET


    FORT McMURRAY, Alta. (CP) - Suncor Energy Inc. has reached a major milestone at its Alberta oilsands project with the sale of its billionth barrel of crude oil since operations began ceremoniously in 1967, the 100th anniversary of Canada's Confederation.

    ADVERTISEMENT

    "Our entry into the oilsands business was deemed 'a daring venture into an unknown field," CEO Rick George said in a release. "Now, almost 40 years later, that pioneering spirit of innovation, hard work and vision continues to be the hallmark of our success."

    Calgary-based Suncor's oilsands operations began on Sept. 30, 1967. and its main focus in the early years was to strengthen operational reliability and achieve steady production of about 45,000 barrels of oil a day.

    Today, production capacity is 260,000 barrels a day, with plans to expand to more than half a million barrels per day by 2010 to 2012.

    "With our ambitious growth plans, we expect our next billion barrels to be reached much more quickly than the first billion," George said.

    Late Thursday, Suncor reported that production at its oilsands plant in December averaged about 270,000 barrels of upgraded crude oil a day.

    Average annual oilsands production for 2005 was about 171,000 barrels a day, a figure that reflects the impact of a fire that hampered output at the operation last year.

    With repair work completed and expanded production on stream, Suncor said it hopes to hit oilsands production of 260,000 barrels per day in 2006.

    In 1963, predecessor company Sun Oil announced a Canadian record investment of almost $250 million to build the Suncor oilsands plant, then known as the Great Canadian Oil Sands project.

    In 1996, Suncor (TSX:SU - news) reported it had produced 500 million barrels of oil since the 1967 opening.

    Suncor's oilsands business near Fort McMurray extracts and upgrades oilsands and markets refinery feedstock and diesel fuel, while operations throughout Western Canada produce natural gas.

    Suncor also operates a refining and marketing business in Ontario with retail distribution under the Sunoco brand. U.S. operations include a refining business in Colorado and gasoline stations in the Denver area under the Phillips 66 brand.

    Sunoco in Canada is separate and unrelated to the Sunoco brand in the United States, which is owned by Sunoco Inc. of Philadelphia.

    Suncor shares closed down 45 cents on the Toronto Stock Exchange on Thursday at $75.39.

    news.yahoo.com/s/cpress/20060105/ca_p...
  7. [verwijderd] 10 januari 2006 19:55
    Suncor Hitting Production, Share Price Records

    By The Canadian Press
    06 Jan 2006 at 08:21 AM EST

    CALGARY (CP) -- One year after a fire at its northern Alberta plant hobbled oilsands leader Suncor Energy [TSX:SU; NYSE:SU] and slashed output in half for most of 2005, the company is setting records for both production and share value while hoping to recover most of its lost money through insurance settlements.

    It was -34 Celsius in Fort McMurray, Alta., last early January when a fire broke out in the newest of its two upgrading units. Nearly eight hours later, the fire was extinguished and the building was encased in an enormous block of ice.

    ''We clearly had a major incident on our hands from the beginning of the call,'' said Steve Williams, Suncor's executive vice-president of oilsands and point man throughout that long day in northern Alberta.

    ''We knew we had a significant event on our hands because of the duration of the fire.''

    It took the company more than a month to chip away the ice to find out exactly what went wrong and what was damaged.

    In the end, it was revealed that a pipe made with the wrong steel specifications had eroded faster than expected and triggered the fire.

    Taking that information, the company went back and searched through the entire upgrader to make sure the same error hadn't been made twice.

    ''It was very reassuring, this was a one-off mistake,'' said Williams. ''We never found a systemic problem, we never found other issues.''

    Another piece of good news for Suncor was its extensive insurance coverage.

    By year's end, the company has received about $100 million in property damage from a policy that has a $250 million ceiling. More than $300 million had been received from its business interruption insurance and negotiations are ongoing with its insurers to try and recover upwards of $600 more.

    The final cost of the fire will likely not be known until more of the insurance payouts have been settled.

    Suncor's production dropped to almost half of the pre-fire 225,000 barrels per day for nine months until repairs were completed in September.

    But with equipment overhauls and extra mine work done at the same time as the repairs, the company rebounded with three months of record production of more than 270,000 barrels per day since October.

    And throughout the repairs, Suncor's stock made a near steady ascent, topping out on Friday with another record close of C$77.42, up C$2.03 on the day with 1.6 million shares traded on the Toronto Stock Exchange.

    ''Suncor's always been a little different than most of the others,'' said energy analyst Tom Ebbern with Calgary-based Tristone Capital.

    With conventional companies holding short-life reserves, a major setback in production will often have a significant impact on share value.

    ''But when you're talking about something that has 50 years of production in front of it, small-time hiccups aren't that meaningful in terms of changing the valuation on the stock.''

    The company says there's no doubt that the steep escalation in oil prices throughout 2005 helped cushion the impact of the fire and protect the company's balance sheet.

    But Suncor also attributes its strategy of having two separately-operating upgrading units for allowing it to at least continue running half of the plant for nine months instead of being completely off-line.

    ''I think the market recognized that we were able to keep the business going in a very reliable way,'' said Williams.

    And while Suncor hopes to avoid a similar incident in the future, the nature of the oilsands - where cold, gluey soil is turned into synthetic crude - makes it likely that the industry will see further setbacks.

    Especially with a long list of multi-billion dollar mega-projects awaiting construction in northern Alberta.

    ''I think the industry is in a perpetual learning curve,'' said Ebbern. From time to time, things happen that are beyond your control and more often than not, these things happen in winter when lines freeze and its difficult to get in there and rectify problems.''

    ''Let's face it, there's literally thousands and thousands of systems that are working on these things, and they are all prone to human failure and mechanical failure and maybe just conditions that they weren't ultimately designed for.''

    © The Canadian Press 2005

    www.resourceinvestor.com/pebble.asp?r...
  8. [verwijderd] 11 januari 2006 15:12
    Alberta oil sands will be world's largest source of new crude oil by 2010: CIBC

    Last Updated Tue, 10 Jan 2006 18:48:49 EST

    CBC News
    Alberta's oil sands will become the most important source of new oil in the world by 2010 as conventional crude dries up, CIBC World Markets says in its latest monthly report.

    Alberta will sit on one of the most valuable energy sources in the world by that time, and one of the few still open to private investment, said Jeff Rubin, chief economist at CIBC World Markets, the bank's wholesale banking arm.

    He added that conventional oil production around the world apparently peaked in 2004.

    Rubin found that total oil supplies around the world grew by less than one million barrels a day last year. None of that growth came from outside the OPEC sphere
    Suncor Energy Inc. and its predecessor, Great Canadian Oil Sands, have been developing the oil sands near Fort McMurray in northern Alberta since 1963. But the project was hobbled by the difficulties and expense of extracting crude oil from what is essentially a oily sand.

    Forty years later, production has risen to about 270,000 barrels a day, with plans to expand to more than half a million barrels a day by 2012.

    www.cbc.ca/story/canada/national/2006...
  9. [verwijderd] 23 januari 2006 18:48
    Tot hoe ver gaat dit door? Ongelofelijk hoe hard dit fonds blijft stijgen. Vanaf 1 jan 2006 zit dit fonds al weer bijna 19% in de plus!

    Het is één van de oudste teerzandfondsen en ook één van de grootste, mogelijk dat dit een verklaring vormt dat dit bedrijf het zo goed doet.

    finance.yahoo.com/q/bc?s=SU&t=3m
  10. [verwijderd] 26 januari 2006 18:24
    Cijfers worden uitstekend ontvangen:

    Suncor Energy 4Q Net Doubles On Higher Output, Prices



    Thursday January 26, 8:14 AM EST

    CALGARY -(Dow Jones)- Suncor Energy Inc. (SU) (SU) attributes stronger earnings in its latest fourth quarter to a number of factors, including increased production, higher crude oil and natural gas prices, the receipt of fire insurance proceeds and lower hedging losses.

    Improved results were partly offset by higher maintenance-related costs, higher energy costs in its oil-sands operation and a stronger Canadian dollar.

    In a news release, the integrated oil and gas company said it had fourth- quarter net income of C$694 million or C$1.52 a share, up from C$333 million or 73 Canadian cents a share a year earlier.

    Excluding unrealized foreign-exchange gains on U.S. dollar denominated long- term debt, fourth-quarter earnings were C$698 million or C$1.53 a share, up from C$283 million or 62 Canadian cents a year earlier.



    The Thomson First Call mean estimate was for a fourth-quarter profit of C$1.13 a share.

    Cash flow from operations for the fourth quarter jumped to C$1.23 billion from C$524 million a year earlier.

    Suncor said its combined oil-sands and natural-gas production for the fourth quarter was 302,700 barrels of oil equivalent a day, up from 258,600 boe/d a year earlier. Oil-sands production in the quarter averaged 267,700 b/d, up from 222,500 b/d a year earlier. Natural gas production for the quarter remained steady at an average of 193 million cubic feet a day.

    For 2006, Suncor is projecting oil-sands production of 260,000 b/d and natural gas production of 205-210 mmcf/d.

    Hier de 1 jaar grafiek op yahoo:

    finance.yahoo.com/q/bc?s=SU&t=1y
  11. [verwijderd] 28 januari 2006 11:04
    Toch leuk bovenop de toch al mega-stijging van de koers het afgelopen jaar:

    Suncor Energy Inc. announces dividend
    Friday January 27, 5:47 pm ET

    CALGARY, Jan. 27 /PRNewswire-FirstCall/ - Suncor Energy Inc. has declared a cash dividend of six cents per share on its common shares, payable March 24, 2006, to shareholders of record at the date of close of business on March 3, 2006.

    biz.yahoo.com/prnews/060127/to020.htm...
  12. [verwijderd] 6 februari 2006 18:08
    Suncor Energy reports oil sands production numbers for January 2006

    CALGARY, Feb. 2 /PRNewswire-FirstCall/ -- Suncor Energy Inc. reported today that production at its oil sands facility during January averaged approximately 269,000 barrels per day (bpd) of upgraded crude oil. Suncor is targeting average oil sands production of 260,000 bpd in 2006. No in-situ bitumen production was sold directly to the market in January; all production was upgraded to synthetic crude oil.

    On a monthly basis, Suncor reports production numbers from its oil sands operation in order to provide stakeholders with a more timely review of operational performance. These numbers are preliminary and subject to adjustment. Monthly totals may differ from year-to-date total due to rounding, the impact of sales and changes in inventory. Production volumes will be confirmed when Suncor's first quarter results are released May 4, 2006.

    This news release contains a forward-looking statement identified by the word "targeting", which is based on Suncor's current expectations, estimates, projections and assumptions made in light of its experiences and the risks, uncertainties and other factors related to its business. Actual events could differ materially as a result of changes to Suncor's plans and the impact of events, risks and uncertainties discussed in Suncor's current annual information form, annual and quarterly reports to shareholders and other documents filed with regulatory authorities.

    Suncor Energy Inc. is an integrated energy company headquartered in Calgary, Alberta. Suncor's oil sands business, located near Fort McMurray, Alberta, extracts and upgrades oil sands and markets refinery feedstock and diesel fuel, while operations throughout Western Canada produce natural gas. Suncor operates a refining and marketing business in Ontario with retail distribution under the Sunoco brand. U.S.A. downstream assets include refining operations in Colorado and retail sales in the Denver area under the Phillips 66 brand. Suncor's common shares (symbol: SU) are listed on the Toronto and New York stock exchanges.

    Suncor Energy (U.S.A.) Inc. is an authorized licensee of the Phillips 66 brand and marks in the state of Colorado. Sunoco in Canada is separate and unrelated to Sunoco in the United States, which is owned by Sunoco, Inc. of Philadelphia.

    DATASOURCE: Suncor Energy Inc.

    freeserve.advfn.com/news_Suncor-Energ...
  13. [verwijderd] 8 februari 2006 17:41
    Suncor slows refinery for oil sands work

    By OGJ editors
    HOUSTON, Feb. 7 -- Suncor Energy (USA) Inc. has reduced throughput at its 92,000 b/cd Commerce City, Colo., refinery for maintenance to complete a project allowing it to increase processing of crude oil from its Canadian oil sands operations.

    The company shut down the refinery's west plant and sour crude unit and will restart them in a staggered sequence. Some units will be idle for as many as 42 days. The refinery's east plant will continue to refine about 34,000 b/d of oil.

    During the shutdown, Suncor will make connections for commissioning and start-up of a $390 million project that began in August 2003 to enable the refinery to process 10,000-15,000 b/d of oil sands sour crude, broaden the slate of bitumen-based crude oils it can process, and meet new sulfur limits for highway diesel fuel.

    ogj.pennnet.com/articles/article_disp...
  14. [verwijderd] 21 februari 2006 16:42
    Suncor boosts Colo. refinery for oil sands

    Suncor Energy Inc. has placed a $390 million bet that doughy Canadian oil sands will play a key role in Colorado gasoline supplies.

    That's the amount Suncor is spending at its Commerce City oil refinery to meet new environmental regulations and to increase its capacity to process oil sands from Alberta.

    Suncor is Canada's second- largest producer of petroleum from oil sands.

    Improvements at the Commerce City refinery will enable Suncor to increase oil-sands refining from the current 8,000 to 9,000 barrels per day to 15,000 barrels per day, and also process oil sands with higher sulfur content than the refinery can handle.

    Upon completion of the proj ect, up to 17 percent of the refinery's 90,000-barrel-a-day capacity will come from oil sands. The remainder comes from Colorado oil fields and conventional crude oil in Canada.

    Suncor last year purchased the Valero Energy refinery, also in Commerce City. The combined facility, the only refinery in Colorado, supplies about 35 percent to 40 percent of the state's gasoline and diesel fuels.

    www.denverpost.com/business/ci_3529728
  15. [verwijderd] 23 februari 2006 20:27
    Clean and green: Suncor uses sustainability performance to track business
    Jeff Sanford
    Canadian Business Online, February 22, 2006
    It appears to be a bit of a conundrum when you first think about it: Suncor Energy Inc., one of Canada's largest emitters of greenhouse gases, is regularly lauded for the state of its corporate sustainability reporting.

    The company operates one of the largest mines in Alberta's oilsands. The heavy tar-infused sand dug up in northern Alberta goes through intensive upgrading and refinery processes, which generate massive amounts of greenhouse gases (total emissions of GHG gases in millions of tons in the company's last sustainability report was 10.39). The company also operates a chain of retail gas stations (under the Sunoco and Philips 66 banners) and a clutch of natural gas wells. These stations and wells provide energy for the company's oilsands operations, but also generate their own pollution.

    Nevertheless, the company has again been added to the Dow Jones Sustainability World Index. It was also one of two Canadian companies (and the only Canadian oil and gas company) to be named to the 2004 Carbon Disclosure Project Climate Leadership Index, another listing of "best in class" companies in terms of sustainability reporting.

    www.canadianbusiness.com/managing/str...
  16. [verwijderd] 3 maart 2006 13:55
    Suncor Energy reports oil sands production numbers for February 2006

    CALGARY, March 2 /PRNewswire-FirstCall/ - Suncor Energy Inc. reported today that production at its oil sands facility during February averaged approximately 258,000 barrels per day (bpd) of upgraded crude oil. No in-situ bitumen production was sold directly to the market in February; all production was upgraded to synthetic crude oil.

    Year-to-date oil sands production at the end of February averaged approximately 264,000 bpd. Suncor is targeting average oil sands production of 260,000 bpd in 2006.

    On a monthly basis, Suncor reports production numbers from its oil sands operation in order to provide stakeholders with a more timely review of operational performance. These numbers are preliminary and subject to adjustment. Monthly totals may differ from year-to-date total due to rounding, the impact of sales and changes in inventory. Production volumes will be confirmed when Suncor's first quarter results are released May 4, 2006.

    This news release contains a forward-looking statement identified by the word "targeting", which is based on Suncor's current expectations, estimates, projections and assumptions made in light of its experiences and the risks, uncertainties and other factors related to its business. Actual events could differ materially as a result of changes to Suncor's plans and the impact of events, risks and uncertainties discussed in Suncor's current annual information form, annual and quarterly reports to shareholders and other documents filed with regulatory authorities.

    Suncor Energy Inc. is an integrated energy company headquartered in Calgary, Alberta. Suncor's oil sands business, located near Fort McMurray, Alberta, extracts and upgrades oil sands and markets refinery feedstock and diesel fuel, while operations throughout Western Canada produce natural gas. Suncor operates a refining and marketing business in Ontario with retail distribution under the Sunoco brand. U.S.A. downstream assets include refining operations in Colorado and retail sales in the Denver area under the Phillips 66 brand. Suncor's common shares (symbol: SU) are listed on the Toronto and New York stock exchanges.

    Sunoco in Canada is separate and unrelated to Sunoco in the United States, which is owned by Sunoco, Inc. of Philadelphia.

    © 2006 PRNewswire

    news.moneycentral.msn.com/provider/pr...
  17. [verwijderd] 3 maart 2006 14:04
    quote:

    kck schreef:

    Zie dat su weer bijna een nw high maakt en 100% in een jaar!!
    260,000 b/d niet onaardig.
    Prima kan je van rd niet zeggen.
    Hoeveel b/d doet rd in oil sands,idee?

    gr kck
    Heb ik niet paraat...
    Ik weet wel dat Shell Canada een redelijk grote speler is qua teerzand. Shell Canada is voor 78% in handen van RDS.

    gr postzak
74 Posts
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