Conoco ROFR timelineYesterday, i wrote to SU investor relation to find out the approximate
timeline they expect to get an answer from Conoco.
The reply was that in this kind of deal it's 30 to 60 days.
I agree with other posters, while nothing is sure at this moment,
i can only imagine that before doing the deal, SU kicked the tire of Conoco as to
their intention with Surmont.
Conoco just got approval with their Willow project(Alaska).It'a a 180m barrels and it as
an estimated cost of 8 billion.
I known nothing about Conoco but on their web site, they say that plan for a net zero energy transition.I guess we could say that most if not all energy producers say the same.
But doubling Surmont is not going to help them getting toward that.
Then again, this net zero bla! bla! bla! is probably more PR stuff than anything else.
In any event, i am staying long on SU