Suncor Energy Inc. (SU,SU.TO), Canada's largest energy company, said Thursday that it expects production to be reduced by about 120,000 to 150,000 barrels per day during the two to four week repair period following a brief fire that occurred on Tuesday at one of the company's two oil sands upgraders north of Fort McMurray, Alberta.
However, Suncor said it does not expect the incident to impact its 2009 production outlook of 290,000 and 305,000 bpd.
The fire was extinguished within an hour, and there were no injuries and environmental impacts related to the incident.
The company said it is assessing the damage caused by the fire, and preliminary reports show no structural damage to the facility. The company currently expects repairs to take between two and four weeks.
Suncor shares are currently trading on the NYSE at $34.71, down $1.09 or 3.05%. On the TSX, the company's shares are currently trading at C$37.25, down C$0.65 or 1.72%.
For comments and feedback contact: editorial@rttnews.com
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.