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A pedestrian is reflected in a Suncor Energy sign in Calgary, Monday, Feb. 1, 2010. The Fort Hills oilsands mine is a go after years of delay, Suncor Energy Inc. announced Wednesday.
A pedestrian is reflected in a Suncor Energy sign in Calgary, Monday, Feb. 1, 2010. The Fort Hills oilsands mine is a go after years of delay, Suncor Energy Inc. announced Wednesday.
(Jeff McIntosh/CP)

Suncor’s Fort Hills return estimates prompt skepticism

Analysts are having a tough time duplicating Suncor Energy Inc.’s rate of return forecast for its newly approved Fort Hills oil sands project.

Suncor, which is developing the $13.5-billion mining project along with France’s Total SA and Teck Resources Ltd., said it expects an internal rate of return of 13 per cent, a number some experts are calling aggressive.