We believe Suncor’s purchase of a 10% W.I. stake at Fort Hills from Total SA was a good move, as the eventual total cost of this stake should be less than the cost of an organic build out from scratch. The purchase boosts Suncor’s W.I. at Fort Hills to a majority ownership stake of 50.8%, and we would not be surprised to see the Company acquire further ownership in this project, with this recent purchase’s price setting
bid expectations on future purchases.
23 Sep 2015
Picking up Another 10% W.I. at Fort Hills
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Picking up Another 10% W.I. at Fort Hills
Suncor Energy Inc. (SU:TSE) | 0 0 (-0.3%) | Mkt Cap: 69,601m
- Published:
23 Sep 2015 -
Author:
Michael P. Dunn -
Pages:
7
We believe Suncor’s purchase of a 10% W.I. stake at Fort Hills from Total SA was a good move, as the eventual total cost of this stake should be less than the cost of an organic build out from scratch. The purchase boosts Suncor’s W.I. at Fort Hills to a majority ownership stake of 50.8%, and we would not be surprised to see the Company acquire further ownership in this project, with this recent purchase’s price setting
bid expectations on future purchases.