The Successful Investor Hotline – Friday, January 15, 2010

Article Excerpt

Next week, Wall Street Stock Forecaster, our newsletter that focuses on the U.S. stock markets, will reveal its #1 pick for 2010. Don’t miss this unique opportunity to profit. If you’re not already a Wall Street Stock Forecaster subscriber, click here to learn how you can get one month free when you subscribe today. SUNCOR ENERGY INC., $36.71, Toronto symbol SU, will cut 1,000 jobs by the end of 2010. That’s on top of the 1,000 jobs Suncor has already cut following its takeover of Petro-Canada in August 2009. In total, these cuts represent about 16% of the 12,900 employees who worked for both companies before the takeover. Suncor did not say how much these new cuts would cost it, but it still expects the Petro-Canada takeover to save it $300 million to $400 million a year. Many of the recent cuts stem from the company’s plan to sell $2 billion to $4 billion of its natural-gas operations over the next year…