RE:Who won the trade?Both parties win usually. Also known as comparative advantage, opportunity cost. The very foundation of the free market. Total can redeploy that capital and get better returns than they were getting from these oil sands assets. Suncor must figure they can get a better return by employing capital here rather than buying their own shares back. Plus apparently some very juicy tax losses are associated with those assets. (from my observation of oil and gas, there should be more of these transactions, not less).