CALGARY, Alberta, Feb. 5 (UPI) -- Canadian energy company Suncor, after a success hostile takeover of a rival, reported a fourth quarter net loss of almost $1.5 billion.
The company reported an operating loss of $18.9 million and a net loss of $1.45 billion for the fourth quarter. Suncor, one of the partners in the mega Syncrude oil sands processing facility in Alberta, said the results reflected a depressed oil market and a weak exchange on the U.S. dollar.