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BRIEF-Suncor Energy looking at share buybacks for later in 2017
February 9, 2017 / 3:39 PM / 10 months ago

BRIEF-Suncor Energy looking at share buybacks for later in 2017

Feb 9 (Reuters) - Suncor Energy

* Says Syncrude utilization rates above 90 percent and cash costs of C$30 a barrel or less are reasonable goals

* CEO Williams says no plan to proceed with major capital investments in oil sands mining or in-situ in foreseeable future

* Says priority over next few years will be dividend growth and share buybacks

* CEO says he thinks probability of a U.S. border tax is relatively low, will respond in more detail if details come out

* CEO says governments of Alberta and Canada realize need to stay competitive with Trump’s United States

* CEO says looking at a share buyback program for later this year Source text for Eikon: Further company coverage: (Reporting By Nia Williams)

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