Suncor Energy Inc T.SU

Just asking some SU holders...

[mrmomo]

Where they stand.....As i've just gotten off the Athabasca forum, by addressing some of the crazy comments people make there, i'd be interested in what some you think regarding a possible development which would directly implicate Suncor.

We all KNOW that Suncor is in a bad place right now, chuck full of problems, desperate to find it's footing in this new paradigm and move on with their "highly contraversial" operations. And we all KNOW that Suncor is "actively" looking" around to pickup some accretive assets which would compliment its own operations. In addition, we're all aware that Suncor has been in "ongoing" negoations with Total, for some time now, for the possible acquisition of their interest in Fort Hills. They've already struck out once in trying to acquire those assets, if they strike out again and don't come to mtually agreed upon deal with Total, then what's next?

So this is my question to you, IF Suncor mgmt FAIL to acquire/secure Total's interest in Fort Hill's, would you have a problem if they go after someone like MEG or Athabasca and pay a VERY hefty premium to acquire them? And if you don't have an issue with Suncor trying to secure anyone of those two assets, would you prefer for SU to buyout Meg for ~$12B or Athabasca for $3-$4B? Because it seems either Meg or ATH is on the verge of being bought out, maybe even both in time, and someone like Sucor could be one of the possible suitors

Do you even care what they do with M&A?

GLTA

[Oldnagger]

Are either Meg or Athabaska a better deal than SU buying back its own shares ? If so , why ?

[matt2018]

Oldnagger..... that all depends on SU plans for the future. Sure we will get clearer pic on Aug 14th. Others in the space (with long life assets) are just content to keep current operations as is and buyback shares and grow the div. If SU wants/needs to grow production then they may be looking but both of these have been on incredible runs and trading at over 5+ year highs. ATH is a smaller

[MigraineCall]

I think securing ownership for future bitumen supply for the baseplant is not as critical as most believe.  I drink milk daily but I don't have to own the cow. I do not believe that Suncor's baseplant and upgrader will sit idle if the base plant mine expansion is not approved, or it fails to secure 100% ownership of Fort Hills. There are many possibilities for long term supply deals

[Oldnagger]

Thanks guys, my real reason for asking, is that I am currently a holder of Pipestone which is subject to a take over by Strathcona a private company. It seems that Strathcona is valuing its heavy Crude assets at somewhere north of 70 thousand dollars per flowing barrel . Even though. i like the prospects for heavy crude in Canada, I am not sure who else could  give me a bigger bang for my

[ztransforms173]

- so the TIGHT-FISTED WATEROUS ENERGY FUND is using Pipestone Energy Corp. as a STALKING HORSE public equity market valuation since they will be owning ~ 91% of the NEW and IMPROVED “Strathcona Resources Ltd.” merger while the current PIPE shareholders will own ~ 9% - judging by their past history, I NEVER TRUSTED these guys although they were VERY GOOD at ACQUIRING high-quality assets ON THE

[Oldnagger]

Thanks for the heads up. According to the financial post , Stathcona will not relinquish any equity other than the 9 % for Pipestone. Seeing that Pipestone already has a high percentage of institutional ownership , that leaves retail investors utterly screwed.  Is this a sign of things to come ? Well , hopefully not. Canada has tremendous bounty in the Petroleum sector and investors have

[Experienced]

Migraine - I am not so sure about this. Right now, to the best of my knowledge SU provides all the necessary feedstock for its upgraders and theur current plan as illustrated in their PRs is to keep doing that.  This means that the other producers in the area are using various other means to make their production ready for shipment without a need for SU and its upgraders. The question then

[ztransforms173]

- ABSOLUTELY NO QUESTION that Suncor Energy WANTS/DESIRES 100% total ownership and control of the bitumen feedstock that is inputed into their HIGHLY-PRIZED upgraders producing the PREMIUM -PRICED SCO - it is their # 1 STRATEGIC ACQUISITION PRIORITY - they have MANY YEARS to IMPLEMENT IT but I say the earlier the better given the highly uncertain future conditions - given the strong likelyhood

[mrmomo]

Z173.....with all those distractive CAPS and all those strong bold faced statements, doing your usual riverdance with some addtional irish tap dancing.........you STILL DID NOT answer the damn question! So i ask a THIRD time.......AND final time........... As a staunch supporter of Suncor, sould the procurment of Fort Hils fall though, would an acquisition of MEG at ~$12B or Athabasca at ~$3B

[ztransforms173]

- it is NOT for me to DECIDE as I am SOLIDLY in the MEG camp - I believe that RIGHT NOW, any TAKEOVER BID of MEG Energy for LESS than $35 per share will be OUTRIGHT REJECTED by the MEG BODs - it is also my belief that Suncor Energy CANNOT WIN a BIDDING WAR for MEG with Cenovus Energy being the PRIME OPPOSITION since the MEG/CVE SYNERGIES are HUGE compared to MEG/SU {MEG Chistina Lake SAGD is on

[mrmomo]

FINALLY Z173!!! Thank-you Jesus..... You finally answered the "question"  with a more than aqdequate & appropriate reply. Especially with the following statement below. Which not only clarified where YOU stand BUT also FULLY answers other more muddy or confusing (for some) lol lol.....questions as well! "it is NOT for me to DECIDE as I am SOLIDLY in the MEG camp. - I

[matt2018]

momo..... honestly, whats the point of your whole exercise? As you mention on this board and the other boards as well, you dont hold any of the stocks mentioned. Its actually quite nauseating.

[mrmomo]

I don't expect anything less from a fool such as yourself......just as i don't expect "much' of ANYTHING from someone like IndianJ (RIP) or Nagger or a few others i could mention on here. And btw, i don't know what you or any of the those other fools are smoking, maybe some really bad weed you bought from Canopy or Tilray. or some other defunct Canadian Cannabis company....but

[matt2018]

hang in there momo..... men in white coats on the way!

[meritmat]

I don't see CVE going after Meg.  There production is growing each year.  There trying to get out of debt not take more on 

[ztransforms173]

meritmat - (8/4/2023 1:05:15 PM)   RE:RE:RE:RE:RE:RE:RE:RE:Just asking some SU holders...   I don't see CVE going after Meg.  There production is growing each year.  There trying to get out of debt not take more on - TRUE but you are in a NARROW-THINKING mode - CVE has an AWESOME currency as it's disposal, namely; it's HIGHLY-REGARDED DIVIDEND

[meritmat]

Good points but I'm not sure I want to see them add 300 million more shares.  They have a bloated share number has it is 

[matt2018]

Not wanting to add more shares to the company float shouldnt be a deciding factor in making a deal. Not if it will significantly add to FCF.  The game is to make $billions, as many of them as possible. Issue I have with a possible MEG deal (as much as I would benefit as well), it has gone on such a run and sits at a 5+ year high and they will want a premium on top of that as well. Now is the

[Clemxb7]

One thing to consider is Total is a European company. In Europe the environmental movement seems to be stronger and taken more seriously and appears to get more policy enacted. Certainly much more than the States at least. It could be Total doesn't want the reputational damage of having a small stake in the 'dirty' Canadian oil sands anymore. Especially when environmentalists seem to

[mrbb]

i had alluded in an earlier post that the ball in now in Total's court.  SU just need to hang tight and wait for the phone call from Total. SU isn't urgent for the remaining interest of FH.  Total is just playing tough to get after COP exercised to buy surmont.  What i can believe is SU had made an agressive bid for total's remaining oilsand asset,  FH + Surmont

[mrmomo]

This being a Friday, let me first say that though i "appreciate" ALL the replies i got to my "enllightening" question, they weren't EXACTLY what i was looking for and most strayed far off the Indian reservation. As an example, takes Nagger's response, though not requested or required, i found quite typical of him & quite comical as well. So not that surprisig coming

[Oldnagger]

Are you all there ? Why not look up Meg's enterprise value b4 mouthing off ?  Hint , it is 8.1 B $

[ailyn63]

Undervalued for sure.

[mrmomo]

"Are you all there ? Why not look up Meg's enterprise value b4 mouthing off ? Hint , it is 8.1 B $" LMAO......please Mr. Nagger, please for the luv of Jesus and everything that's holy & wholesome in this world.....and for the reputation of ALL the mentally intact, still somewhat intellectually proficient & still cognisant of their surroundings, and espeically those

[Oldnagger]

So what is this higher knowledge that only you have ? Personally , I am tired of wading thru all your garbage looking for even a single tidbit !!

[mrmomo]

"So what is this higher knowledge that only you have ? Personally , I am tired of wading thru all your garbage looking for even a single tidbit !!" But of course my dear Watson! I'm not surprised that scholars like you find it as pure "garbage", because folks like you don't have the tools, intellect or the needed perceptive abilities to dechiper it's onion layered