Suncor Energy Inc T.SU

RE:RE:RE:RE:TotalEnergies CAVES: Suncor Gets 100% Fort Hills For C$ 1.5B

[meritmat]

Clemxb7 wrote: No doubt Suncor now a significantly more valuable company. Oil gurus Josh Young and Eric Nutal both identified lack of upgrader feed post 2035 as Suncor's weak point. The decades of resource add now makes that a non-problem and they compare equal to the other oil sands majors in that regard.

The cost is chump change for Suncor so considering what a plus the deal is it looks like we can say the new CEO is preforming well so far. 

I'm traveling right now so I don't have all my facts with me though I recall the original deal had approximately 10 billion in tax pools attached to it. Suncor's tax rate as I recall is something like 35%. Fort Hills is the more recent project than Surmount so I would speculate there would be larger tax pools associated with that expensive project. I have no idea however if they even get half the 10 billion in tax pools with this deal Suncor it's going to be paying a lot less tax over the next few years and that's going to go to the bottom line. 

Fort Hills name plate is 185 k so 31% of that is around 60k a day increase in production. 60/745  = 8% increase in production.

There is actually a lot less information in this press release then the original press release in the spring. Are the tax pools included? Are we still getting the dividend increase? The deal has a closing date of April 1st 2023 so I wonder if it's already perhaps paid for? I don't see why not however now we have to wait until the earning call to get the details. 

It's getting to the point where there's less and less negative things to say about Suncor. What are the justifications that CNQ has so much higher relative multiples than Suncor?
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Managment team.