RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Just asking some SU holders... i had alluded in an earlier post that the ball in now in Total's court. SU just need to hang tight and wait for the phone call from Total. SU isn't urgent for the remaining interest of FH. Total is just playing tough to get after COP exercised to buy surmont.
What i can believe is SU had made an agressive bid for total's remaining oilsand asset, FH + Surmont in hope COP wouldn;t exercise ROFR. It is a balancing act, if SU's bid is too excessive and COP didn't exercise, SU would get blamed for overpaying FH&surmont asset. Now Total is hoping to get the same valuation for the leftover piece FH as those for surmont bought by COP, this ain't happening. However, Total can't wait forever, they need to get out of oilsand, even out of canada period.
Total writes off $9.3B in oilsands assets, cancels Canadian oil lobby membership | CBC News
I agree SU is unlikely to takeover of MEG or ATH, they are expensive barrel and has little synergy between them. CVE has the best synergy with MEG but unlikely to make the first move. Total's interest in FH would still be the cheapest barrel that SU can find. It come down to who blink first, and i think that would be total.