RE:RE:RE:Q1/2023 COP CC Second Question by Neil Mehta On SurmontThanks Obscure and the others... nice to see intelligent conversation here compared to other Boards on SH
Obscure from this post and your other one...
In simple terms, from my previous post, the answer by COP to the analyst question suggests to me that COP has no interest in selling their remaining 50% interest to SU.
With the tax loss provisions, the question then becomes a math question for COP and SU as to what to do next and at what price.
The other questions as I see it in the "negotiations" is...
1...for COP how does the math work for them compared to their other projects taking into account the tax implications
2...how desperate is SU to ensure feedstock for the upgrader given that extension to the Base Plant seems to be DOA.
Could be intersting to see how this plays out.
In the meantime,shocking as it might appear, Migraine are in agreement, at least in the short run, that SU is mispriced.