Suncor Energy Inc. T.SU

Total was a stick

[UNKLAL]

in the mud when it became time to bail. Frenchies are like that cause they need either their Moms or mistresses to make the big decisions!!! My only question that needs to be answered is did SU pay more or less on the last percentage of the project they picked up??? UNKLAL

[Lawisfun]

The deal adds 135,000bbl/day for $4.1billion. That's about $30,000 per flowing barrel. That's a good deal for SU.  good luck to all the longs. 

[mrmomo]

Actually that's 135k bbls/day of bitumen/synthetic/mix for $4,7B US or $35K per boe. In Canadian terms, which would be more relevant & appropriate here, that's $45K cdn. Which imho is excessive & sold at at a premium for that type of "problematic" crude, when taking into account that Crescent Point just some bought light/medium crude assets for about $50K. And remember

[Lawisfun]

Thanks for the clarification. good luck to all the longs.

[mrbb]

flowing barrel cost is just 1 of many metric used to gauge the value of the acquistion, often quoted by noobies iwth limited depth of oil/gas industry because it's easy to calculate and make comparison with others. What's not mentioned here is the reserve life.  Did CPG recent purchase of light/medium oil asset come with 30-40 years of reserve life?

[mrmomo]

Call them "Frenchies" what you want, whether it's sticks in the mud, mama's boy, Don Juans or whatever else BUT they KNOW what the deal is, and when to get in AND when to get out! Though i must admit that those ferocious Viking warriors up North saw the signs long ago, beating them to the count and exiting the stage a lot sooner. But to find an appropriate & accurate answer

[matt2018]

Companies sell assets for many reasons. Remember this exit below? Did they "make out as bandits" as well? 01/20/2021 | 07:26am   Equinor ASA said Wednesday that it sold its 100 million common shares in Athabasca Oil Corp. on Jan. 19 for 18 million Canadian dollars ($14.1 million). The Norwegian oil-and-gas major said it sold its shares, which

[mrmomo]

NO..... Equinor they did NOT make out like bandits in that one. They took a major drumming on that particular investment, a complete wash really. But with that said, THEY saw the signs very early and i actually don't fault them for getting out when they did. Athabasca along with many others were on the verge of BK, so it wasn't a guarantee that ATH would make it out in one piece. Besides