Suncor is raising $2.9 billion (assuming the 15% greenshoe is exercised) via a bought deal equity financing overnight. Buying out the remaining 49.2% of Fort Hills would likely cost at least ~$2.5 billion if based on last fall’s transaction metric plus capital invested since . SU may be interested if CNOOC is a seller of oilsands (7.23% of Syncrude, Long Lake, 25% of Meadow Creek), and if Shell is a seller of its Sarnia refinery. We continue to expect SU to buy into Statoil/Husky’s Flemish Pass ....
08 Jun 2016
Suncor Equity Issue - Speculating on Acquisition Targets
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Suncor Equity Issue - Speculating on Acquisition Targets
Suncor Energy Inc. (SU:TSE) | 0 0 (-0.3%) | Mkt Cap: 69,601m
- Published:
08 Jun 2016 -
Author:
Michael P. Dunn -
Pages:
7
Suncor is raising $2.9 billion (assuming the 15% greenshoe is exercised) via a bought deal equity financing overnight. Buying out the remaining 49.2% of Fort Hills would likely cost at least ~$2.5 billion if based on last fall’s transaction metric plus capital invested since . SU may be interested if CNOOC is a seller of oilsands (7.23% of Syncrude, Long Lake, 25% of Meadow Creek), and if Shell is a seller of its Sarnia refinery. We continue to expect SU to buy into Statoil/Husky’s Flemish Pass ....