RE:TotalEnergies CAVES: Suncor Gets 100% Fort Hills For C$ 1.5B
- so TotalEnergies GOT ROUGHLY what Suncor OFFERED in the ORIGINAL BUYOUT BID
* from ConocoPhillips: C $ 3.7 billion for Surmont
* from Suncor Energy: C $ 1.468 billion for Fort Hills
- Total: C $ 5.168 billion
- however, there are the CLOSING ADJUSTMENTS in TotalEnergies has to SHIFT EFFECTIVE DATE to April 1, 2023
- ORIGINAL SU OFFER: C $ 5.500 billion
- INTERESTING in that TotalEnergies LOST USD 300 million in CONTIGENCY PAYMENTS CAP
* Suncor had ORIGINALLY OFFERED USD 600 million CAP
* COP GOT USD 300 million CAP
* Suncor Energy PAYS NO CONTIGENCY PAYMENTS in FINAL Fort Hills SALE
- IF (? )we "ASSUME" that the closing adjustments are worth C $ 332 million than TotalEnergies LOST USD million in the CONTIGENCY PAYMENT CAP in SPLIT SALE
z173