Suncor Energy Inc. T.SU

Surmount

[lifeisgood1010]

Is the prize in this acquisition.With cash operating cost of only $15 to $17 and life reserve
of 50 years.

Also the $10.5b tax pool is another plus

Let's hope Conoco does not exercice it's first refusal right.

Nat bank as a $60 target.will it get there?Who knows.

But to get there, it will have to go to $43,$44,$45.....

So if you are like me and think that SU is way under valued at these prices, you want
to buy while the stock is cheap.

I more then double my position yesterday at the open and will buy more on any pullback.

[matt2018]

I am assuming Total already approached Conoco about this 50% Surmont stake either before or after the Suncor offer as Total went ahead and made the deal. When Conoco sold all their other Oilsands operations six years ago to Cenovus, they kept that 50% Surmont stake and its stayed at this 50% level since. Would be great for Suncor to buy their 50% stake as well at some point.