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Suncor Energy Inc T.SU

Alternate Symbol(s):  SU

Energy Oil & Gas Integrated
Suncor Energy Inc. is a Canada-based integrated energy company. The Company's segments include Oil Sands, Exploration and Production (E&P), and Refining and Marketing. Its operations include oil sands development, production and upgrading, offshore oil and gas production, petroleum refining in Canada and the United States and its Petro-Canada retail and wholesale distribution networks, including Canada’s Electric Highway, a coast-to-coast network of fast-charging electric vehicles (EV) stations. Petro-Canada has a network of over 1,800 retail and wholesale locations across Canada, providing customers with a wide variety of fuel and service offerings including low-carbon fuel options. The Company is developing petroleum resources while advancing the transition to a low-emissions future through investment in power and renewable fuels. It also wholly owns the Fort Hills Project, which is located in Alberta's Athabasca region, approximately 90 kilometers north of Fort McMurray.


TSX:SU - Post by User

Suncor Energy Inc > Who won the trade?
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Comment by mrbbon Apr 29, 2023 12:21pm
154 Views
Post# 35420841

RE:Who won the trade?

RE:Who won the trade?

C. is  wrong, hence D. is  wrong too

Suncor buys Canadian oilsands operations of France's TotalEnergies for $6.1B | CBC News


From cbc article

TotalEnergies had announced last year it planned to exit the Canadian oilsands by spinning off TotalEnergies EP Canada, but said it decided to sell the operations instead after receiving several unsolicited offers including the one by Suncor.

 

How can suncor get a 'great deal' when total received several offers from competitors and conoco has the option of rights of 1st refusal?  I think SU got a great deal given the competitive environment and asset synergy. 

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