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Bullboard - Stock Discussion Forum Suncor Energy Inc T.SU

Alternate Symbol(s):  SU

Suncor Energy Inc. is a Canada-based integrated energy company. The Company's segments include Oil Sands, Exploration and Production (E&P), and Refining and Marketing. Its operations include oil sands development, production and upgrading; offshore oil production; petroleum refining in Canada and the United States; and the Company’s Petro-Canada retail and wholesale distribution networks... see more

TSX:SU - Post Discussion

Suncor Energy Inc > Total was a stick
View:
Post by UNKLAL on Apr 28, 2023 8:54am

Total was a stick

in the mud when it became time to bail. Frenchies are like that cause they need either their Moms or mistresses to make the big decisions!!! My only question that needs to be answered is did SU pay more or less on the last percentage of the project they picked up??? UNKLAL
Comment by Lawisfun on Apr 28, 2023 9:05am
The deal adds 135,000bbl/day for $4.1billion. That's about $30,000 per flowing barrel. That's a good deal for SU.  good luck to all the longs. 
Comment by mrmomo on Apr 28, 2023 10:04am
Actually that's 135k bbls/day of bitumen/synthetic/mix for $4,7B US or $35K per boe. In Canadian terms, which would be more relevant & appropriate here, that's $45K cdn. Which imho is excessive & sold at at a premium for that type of "problematic" crude, when taking into account that Crescent Point just some bought light/medium crude assets for about $50K. And remember ...more  
Comment by Lawisfun on Apr 28, 2023 10:09am
Thanks for the clarification. good luck to all the longs.
Comment by mrbb on Apr 29, 2023 12:38pm
flowing barrel cost is just 1 of many metric used to gauge the value of the acquistion, often quoted by noobies iwth limited depth of oil/gas industry because it's easy to calculate and make comparison with others. What's not mentioned here is the reserve life.  Did CPG recent purchase of light/medium oil asset come with 30-40 years of reserve life?
Comment by mrmomo on Apr 28, 2023 9:32am
Call them "Frenchies" what you want, whether it's sticks in the mud, mama's boy, Don Juans or whatever else BUT they KNOW what the deal is, and when to get in AND when to get out! Though i must admit that those ferocious Viking warriors up North saw the signs long ago, beating them to the count and exiting the stage a lot sooner. But to find an appropriate & accurate answer ...more  
Comment by matt2018 on Apr 28, 2023 3:00pm
Companies sell assets for many reasons. Remember this exit below? Did they "make out as bandits" as well? 01/20/2021 | 07:26am   Equinor ASA said Wednesday that it sold its 100 million common shares in Athabasca Oil Corp. on Jan. 19 for 18 million Canadian dollars ($14.1 million). The Norwegian oil-and-gas major said it sold its shares, which ...more  
Comment by mrmomo on May 01, 2023 8:56am
NO..... Equinor they did NOT make out like bandits in that one. They took a major drumming on that particular investment, a complete wash really. But with that said, THEY saw the signs very early and i actually don't fault them for getting out when they did. Athabasca along with many others were on the verge of BK, so it wasn't a guarantee that ATH would make it out in one piece. Besides ...more  
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