RE:RE:RE:suncor take over?Like I said previously, it would almost certainly have to be an all-stock transaction. No one player has the cash or has the balance sheet strength to buy another outright. The other poster's suggestion that they could just simply borrow that type of money in these current conditions is downright absurd.
That being said, a Canadian supermajor, dominating the oil sands is an interesting thought. However, like you pointed out, it would lead to a hell of a lot of layoffs.
However, there is definitely synergy, as well as size and scale benefits to be had (we all know how capital intensive oil sands projects are to develop).
Oiljunkie wrote: The time is perfect for a big merger. CNQ and SU would really change the landscape. It would be dirty, to the tune of about 40% job losses. You would see a huge move from employee's to contractors.
The logistics of that size of a merger would be dizzying, but now is the time. I don't see IMO merging unless it was a sale by Exxon to liquidate cash for their own ventures.
Nothing should be ruled out though right now. We possibly have 12months or more of volatile prices at near break even points. This is when super powers are formed.
also in the Canadian environmental approval process, their might be an easier road to approval with less competition. Gov't Canada might see it as they don't have to pick and choose approvals. They can approve 1 super application instead of numerous small ones. The optics for Fed liberals is a lot better that way