Fort Hills PurchasePeople on this board have said the Fort Hills purchase was realitively cheap, on thing of note that the purchase was effective April 1, 2023.
APRIL 1,2023
So from April 1, 2023 you can add 61,000 boe/day to Suncors production. They will put Suncors production over 800,000 boe/day.
The purchase signals that Total has pulled fully out of Canada. They sold the entire company and there may so assets of value not mentioned.
Suncor is simply way to cheap when you consider what Pioneer just sole for 85 billion dollars.
IMHO