Energy Investing - Suncor Energy to Acquire TotalEnergies' Canadian Operations for $5.5 Billion - Energy Investing - InvestorVillage


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Msg  495721 of 522032  at  4/27/2023 5:46:41 AM  by

doomonyou

The following message was updated on 4/27/2023 6:14:17 AM.

 In response to msg 495719 by  tigersea
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Re: Suncor Energy to Acquire TotalEnergies' Canadian Operations for $5.5 Billion

Since the company is now fully profitable and taxable, those tax pools make this unexpected deal very attractive I have to say.

Sounds like ESG forced Total out of a great position for a ridiculous price.

To sell 2 billion barrels of fully developed operational oil reserves + the tax pools for 6 billion is wild considering Canada is just aboot (hehe) to finish Transmountain essentially the day this deal closes. EDIT But really 4 billion net of Tax pools to be clear

Quite a win for Suncor.


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Msg # Subject Author Recs Date Posted
495722 Re: Suncor Energy to Acquire TotalEnergies' Canadian Operations for $5.5 Billion movin_on_again 2 4/27/2023 6:28:38 AM




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