RE:RE:The French being the French?Lol....nice reply. I think you're on the right trail Experienced, and i had similar thoughts. My guess is that the French/Total were so upset/peeved off that Teck would sell that low, especailly to Suncor and that their share would get a similar valuation. What i don't understand and which i presume happend, didn't Teck consult ALL parties when they wanted to sellout, including Total? And if so, what's Total's beef here, especially if they WERE consulted and they had the chance to bid for that previous interest?
I think once you look at the WHOLE picture, i think this is a case where the French made huge investments in the Canadian OIl Sands over the years, which didn't turn out as expected because of global marco events unfolding the way they did. Specifically the Climate Change nonsense & forced ESG mandates. Bascially they got caught in a bad situation and didn't want that investment to be a total loss/lemon, so they're trying to mitigate the damages somehow with this spinoff idea. Which to me doesn't make sense in the end.