Suncor Energy Inc T.SU

Terra Nova

[Plus50]

What is the cost to SU if they walk a way from Terra Nova. Is there a cost to all the owners to shut it down. Sounds like 600 million to get it back running again. a shared cost by all owners. Is it worth it .

[Eigen337]

This post has been removed in accordance with Community Policy

[liljohnnyjoke]

Exxon Chevron Equinor all refuse to put any more money in so just cut their losses and walk away Probably will be "mia" when time comes for the billion dollar clean up at the end of life Newfoundland gov't doesn;t want to buy in because then they would be on the hook at the end in 10 years, the rest have been in since 84

[Plus50]

Well shut it down then. Will make the enviornmentalists happy , reduce amount of oil coming to market helping price.

[liljohnnyjoke]

The Canadian liberal government will form a national oil company and take it over. Trudeau will call it Petro Canada.

[snowshoedb]

It seems Suncor can't catch a break these days

[Plus50]

There is saying that you make your own luck. SU cannot wait for someone or something to help them out. They need to create their own oppurtunities and breaks.  Right now the oil price is helping them out a lot. They need some kind of catalyst to convince people to buy into their story. Telling everyone they will net zero and such is not enough. Those that want that wont be buying the stock

[OilPro3001]

SU and ExxonMobil bought out Equinor's 15% stake. Still doesn't mean they're going to develop it but it looks encouraging.