RE:RE:TotalEnergies CAVES: Suncor Gets 100% Fort Hills For C$ 1.5B
Clemxb7 wrote: The deal on its face is really positive for Suncor's future. They can pay for this just out of cash flow in one or two quarters.
I haven't seen any mention of assuming any tax credits. If they get tax credits too then they almost got this for free. However that sounds too good to be true.
Suncor definitely won this deal. Considering Fort Hills cost $18 billion dollars to build they're picking up this remaining slice for pennies on the dollar.
I'm happy.
yup plus they should announce a div increase when results come out.
Dumped Suncor to jump into Cardinal yesterday. Might look at jumping back into Suncor