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Re: Suncor Energy to Acquire TotalEnergies' Canadian Operations for $5.5 Billionsuncor new presentation: https://sustainability-prd-cdn.suncor.com/-/media/project/suncor/files/investor-centre/investor-relations-presentations-2023/2023-04-26-investor-update-acquisition-of-total-canada-en.pdf?modified=20230427060326&_ga=2.136085809.1804883496.1682582362-1987422606.1682582362 quick and dirty calculation: Price is C$5.5B-6.1B "Conditional payment structure for a five-year term with a maximum potential payout of C$600M based on WCS pricing • Quarterly payment of US$6M for every dollar that WCS exceeds US$52/bbl during the quarter" assuming U$15 WCS discount & 1.35 forex, average WTI will need to be lower than U$70.7 to not max out the C$600 cap, pretty much guarantee the final total will be $6.1B tax pool $10.5B, value @ 23% ~= 2.4B value flowing bbl 120,000/d(24E), $50,833 per flowing bbl using $6.1B price 2P reserve 2.1 billion bbl @ 135000/d = 42.6/y RLI Comparison with MEG market cap $6.2B, EV ~=$7.7B production 100,000-105,000bbl/d flowing bbl/d ~= $60,478 2P reserve 1.94billion bbl, ~= $3.2/2P bbl |
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| Msg # | Subject | Author | Recs | Date Posted |
| 495721 | Re: Suncor Energy to Acquire TotalEnergies' Canadian Operations for $5.5 Billion | doomonyou | 54 | 4/27/2023 5:46:41 AM |
| 495763 | Re: Suncor Energy to Acquire TotalEnergies' Canadian Operations for $5.5 Billion | Victone | 2 | 4/27/2023 9:57:37 AM |
