Summary
Unlike the vast majority of the industry, Suncor has actually been able to use the oil crash to its advantage.
With $2.5 billion of new cash from an equity raise, we think that Suncor may be ready to strike again.
While the most obvious place for the money would be Fort Hills, we think that MEG Energy would be a sweet addition to Suncor's asset base.
In an industry where companies are dying by the day and others are just limping along trying to hold off the inevitable, Suncor (NYSE:SU) is a breath of fresh air.
https://seekingalpha.com/article/3981738-suncor-2_5-billion-new-cash-company-going-acquire#alt1