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Channel: Canada – Institute for Energy Economics & Financial Analysis
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Low crude prices prompt Teck Resources to write off C$910 million at Fort Hills oil sands operation

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S&P Global Market Intelligence ($): Canadian diversified miner Teck Resources Ltd. swung to a net loss of C$891 million in the fourth quarter of 2019 from a year-ago net profit of C$433 million due to C$999 million in write-downs primarily related to the Fort Hills oil sands operation in Alberta. Teck said Feb. 20 that […]

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