Suncor Energy Inc T.SU

RE:Still INTERESTING In Getting 31.23% of Fort Hills From TOTAL

[mrbb]

ztransforms173 wrote:
Update on acquisition of TotalEnergies’ Canadian operations. Following ConocoPhillips Canada exercising its pre-emptive right to purchase the 50% working interest in the Surmont in situ asset, Suncor is continuing to evaluate the transaction to acquire the remainder of TotalEnergies’ Canadian operations, including the remaining 31.23% working interest in Fort Hills.

- it is fascinating that the IN-SITU Firebag SAGD has the GREATEST SU bitumen RESERVES and they are ONLY OPERATING at a 215,000 bbls/d BOP and part of it's output FEEDS into the SU Base plant UPGRADER

- Cenovus Enegry Chistina Lake SAGD has a BOP EXCEEDING 250,000 bbls/d

- I WONDER WHY there is NO TALK OF EXPANSION given such a LARGE RESOURCE BASE and SAGD being such a LONG-LIFE/LOW-DECLINE competitive asset and CONNECTED by pipeline to the Suncor Energy Base Plant

z173

- I WONDER WHY there is NO TALK OF EXPANSION given such a LARGE RESOURCE BASE and SAGD being such a LONG-LIFE/LOW-DECLINE competitive asset and CONNECTED by pipeline to the Suncor Energy Base Plant

production and capital profile aren't the same as conventional/shale oil. Long story short, it's better to go steady eddy with oilsand as payout isn't quick like shale oil, need to maximize utilization of existing facilities.