How Much Of The $ 10.5 Billion In Tax Pools Belong To FHs ?
From contigency payments ratio:
* $ 440 million for 50% Surmont {from COP NR}
* $ 160 million for 31.23% Fort Hills [calculated by z173]
* Total: $ 600 million for both assets {from SU IP}
- I don't see how SU pays less than $ 1.5 billion for the 31.23% share of Fort Hills to TotalEnergies unless MOST of the $ 10.5 billion in tax pools belongs to the Surmont property which I sincerely doubt as Fort Hills underwent massive asset writeoffs due to lower than expected future operating gross margins and negative mining issues
- interesting that both Fort Hills and Surmont are in PRE-PAYOUT royalty mode so in effect it gives the owners real cash tailswinds until they switch to POST-PAYOUT {a MASSIVE 14-16% royalty spike swing}
z173