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Suncor Energy Inc T.SU

Alternate Symbol(s):  SU

Suncor Energy Inc. is a Canada-based integrated energy company. The Company's segments include Oil Sands, Exploration and Production (E&P), and Refining and Marketing. Its operations include oil sands development, production and upgrading; offshore oil production; petroleum refining in Canada and the United States; and the Company’s Petro-Canada retail and wholesale distribution networks (including Canada’s Electric Highway, a coast-to-coast network of fast-charging electric vehicle (EV) stations). The Company is developing petroleum resources while advancing the transition to a lower-emissions future through investments in lower-emissions intensity power, renewable feedstock fuels and projects targeting emissions intensity. The Company also conducts energy trading activities focused primarily on the marketing and trading of crude oil, natural gas, byproducts, refined products and power. It also wholly owns the Fort Hills Project, which is located in Alberta's Athabasca region.


TSX:SU - Post by User

Comment by matt2018on Aug 14, 2023 12:19pm
154 Views
Post# 35587160

RE:RE:World Oil Prod 101.8 million SU Prod .748 million

RE:RE:World Oil Prod 101.8 million SU Prod .748 millionExperienced ..... how was the SU offer to purchase Fort Hills & Surmont a"botched attempt" when it was known from the very begining that COP always had ROFR on Surmont and were likely to use it?
The final decision on Total's Fort Hills stake has not even been made yet.
Do you believe you have a better insight on how these deals play out than Kruger?
Perhaps strategy was to go for both assets knowing that COP would likely exercise their Surmont option and leaving Total's Fort Hills stake on its own more vulnerable to a larger discount since they announced to everyone that they want to exit the asset.



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