Suncor Energy Inc T.SU

Fort Hills Purchase

[MyHoneyPot]

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

[ztransforms173]

- Yes, Suncor TOOK both Teck Resources and TotalEnergies to the CLEANERS given the DEEP VALUE of the LONG-LIFE SLIDING-SCALE DECLINE and ZERO EXPLORATION RISK of the Fort Hills BITUMEN RESERVES and MORE IMPORTANTLY the OPERATING LICENSES for MULTI_DECADES * the ONLY REAL HIGH-RISKS are MINING DYNAMICS and PRICING - however, SU gets an EXTRA BONUS that Teck Resources and TotalEnergies could NEVER

[mrbb]

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.