We view Suncor’s all-share offer to acquire Canadian Oil Sands shares for 0.25 Suncor shares as a good move for Suncor. On a risk-adjusted
basis we believe the bid is fair to COS shareholders. If Suncor became Syncrude’s largest owner, we believe massively synergistic lease swap transactions between Syncrude, Suncor, and perhaps Imperial/Exxon are much more likely to occur, albeit not guaranteed, while Suncor may also be able to help effect reliability improvements at Syncrude’s upgrading oper ....
06 Oct 2015
Synergy Potential Drives Suncor’s Bid for COS
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Synergy Potential Drives Suncor’s Bid for COS
We view Suncor’s all-share offer to acquire Canadian Oil Sands shares for 0.25 Suncor shares as a good move for Suncor. On a risk-adjusted
basis we believe the bid is fair to COS shareholders. If Suncor became Syncrude’s largest owner, we believe massively synergistic lease swap transactions between Syncrude, Suncor, and perhaps Imperial/Exxon are much more likely to occur, albeit not guaranteed, while Suncor may also be able to help effect reliability improvements at Syncrude’s upgrading oper ....