TotalEnergies CAVES: Suncor Gets 100% Fort Hills For C$ 1.5B- SU CEO Rich Kruger SCORES GOAL !
Calgary, Alberta--(Newsfile Corp. - October 4, 2023) - Suncor Energy (TSX: SU) (NYSE: SU) announced today that it has agreed to purchase TotalEnergies EP Canada Ltd., which holds a 31.23% working interest in the Fort Hills oil sands mining project (Fort Hills) for $1.468 billion. The acquisition adds 61,000 barrels per day of net bitumen production capacity and 675 million barrels of proved and probable reserves to Suncor's existing oil sands portfolio. Regulatory approvals have been received and, subject to closing, the transaction will have an effective date of April 1, 2023.
- very NICE !
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