RE:Fort Hills PurchaseMyHoneyPot wrote: People 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
because SU stand firm on their original offer sometime in April 2023.
A day of acceptance delayed is a day of lost production and price drop against Total Energy. TE can't hold out anymore and blinked. That's why the original offer price had to be reduced to reflect on production loss from the date of the original deal.