BUYING OUT TotalEnergies Interest GAVE $ 880M In TAX BENEFIT- this is SERIOUS CASH TAX AVOIDANCE MONEY for Suncor Energy
Adjusted funds from operations were $4.034 billion ($3.12 per common share) in the fourth quarter of 2023, compared to $4.189 billion ($3.11 per common share) in the prior year quarter, and were influenced by the same factors impacting adjusted operating earnings, as well as a one-time tax benefit of approximately $880 million relating to the acquisition of TotalEnergies Canada in the fourth quarter of 2023.
- the TOTAL Deferred income tax expense (recovery) ITEM in Q4/2023 was $ 904 MILLION
- so Suncor Energy SMOKED TotalEnergies in TWO WAYS:
1- UNDERPAYING FAIR VALUE of Fort Hills assets
2- MASSIVE INCOME TAX REBATE
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