RE:RE:RE:RE:Still no update on FH? Strange....Experienced wrote: Frankly, I think it is taking so long because Total is asking for more and SU doesn't want to pay and is assessing potential other options for feedstock. The oil experts here could better assess this but from what I know, FH is their cheapest option.
If they are trolling COP - Good luck with that!!!
As for 3D Chess - if they wanted to play that they wouldn't have hired a long time oil man as their new CEO. They would have hired a visionary.
that is a possiblity. However, Total shouldn't play hardball for too long with SU since Total had announced they want to get out of canadian oilsand, and there isn't really other serious interest buyers out there with deep pocket. Only ones out there that might consider FH is IMO and CNQ who too have surface mining operation themselves but my gut feel is they don't want partner(s) and prefers 100% operated. I don't think IMO or CNQ want a minority piece of FH with SU running the show. This is why i placed >50% chance that COP would exercise ROFR on Surmont.