Wednesday, June 13, 2007

Teck Cominco sees major oil sands presence

(Reuters) - "We think we can develop an oil sands business that
conceptually could give net to Teck Cominco as much as 140,000
barrels day in a 10 year period," he said.




He noted that such production represents about 40 percent
of the estimated 2008 output of energy giant Suncor Energy Inc.
, a C$42 billion company with a market
capitalization more than twice as big as Teck's.


Read more at Reuters.com Mergers News

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