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. “To maintain our strong financial position and flexibility,” the company said it was trimming its spending plans for the year by just over 10 percent to around $4.5 billion. Moody’s Investors Service last month changed the long-term debt rating for Alberta from stable to negative. A long slump in crude […]