Suncor Energy, Virtek Vision May Move: Canadian Equity Preview

By John Kipphoff

Sept. 3 (Bloomberg) -- The following companies may have unusual price changes in Canadian trading tomorrow. Stock symbols are in parentheses, and share prices are from the previous close.

The Standard & Poor's/TSX Composite Index dropped 3.4 percent to 13,299.54.

Suncor Energy Inc. (SU CN): The world's second-largest oil- sands producer may spend as much as C$9 billion ($8.4 billion) next year as expenditures peak for two expansion projects scheduled to be complete by 2012.

The shares fell 9.7 percent to C$54.86, the most in at least 15 years, as crude-oil prices tumbled and Suncor announced the unscheduled shutdown of a hydrogen plant.

Virtek Vision Ltd. (VRK CN): The maker of precision laser projection systems received a takeover offer for C$1.05 a share cah. The bid, from an unidentified party, is superior to a prior agreement to sell part of the company to Mitek Inc. and affiliates, Waterloo, Ontario-based Virtek said. The shares rose 6.7 percent to 95 cents before being halted.

To contact the reporter on this story: John Kipphoff in Toronto at jkipphoff@bloomberg.net.