RE:RE:France's Total finally taps outNot just TOT wants out, but TECK too. Let them spin it off, and if there's little investor appetite for the new entity and its stock price tanks, SU can step in and buy it on the cheap. But by no means should SU pay an elevated price these companies are likely seeking for their stakes in the asset.
>>>(Reuters) - Canada's Teck Resources said on Thursday it could pursue a spinoff or divestment of its stake in the Fort Hills oil sands project if the value of the asset is not reflected in Teck's share price...."We have been clear that if we don't see the value of the Fort Hills asset reflected in Teck's share price, we will pursue other options, which could include spinoff or divestment," spokesperson Chris Stannell said in an email.ect if the value of the asset is not reflected in Teck's share price....
https://finance.yahoo.com/news/canadas-teck-eyes-spinoff-divestment-145834982.html