Post by
jrj90620 on Dec 25, 2022 11:54am
Anyone understand Total complaint
Does anyone here understand this right of first refusal,concerning Teck's sale of oil sands assets?
Comment by
Baaboo on Dec 27, 2022 7:38pm
not sure but i'm sure Tecks lawyers did their proper DD before enntering into the deal
Comment by
jrj90620 on Dec 30, 2022 11:29am
Found this today.Seems like Total is upset,because it wanted to exit first or that Tecks sale makes it harder for Total to exit. https://biv.com/article/2022/12/tecks-exit-oil-sands-hits-potential-legal-snag
Comment by
Baaboo on Dec 30, 2022 12:18pm
Thanks jrj90620,Teck took a bad hit on Fort Hills, don't know what the rush to sell was, i think Total is upset they took that price now it values it as such for when they wanted to exit, i.m sure they wanted much more that what Teck sold it for.