Suncor Energy to Assess Deal to Buy TotalEnergies Canada Assets
26 Maio 2023 - 4:25PM
Dow Jones News
By Robb M. Stewart
Suncor Energy said Friday it will assess its deal to buy
TotalEnergies' Canadian operations after being notified that
ConocoPhillips elected to excercise a right of first refusal in
connection with TotalEnergies' stake in an oil sands field.
Suncor said its agreement was conditional on ConocoPhillips
waiving its rights on the 50% working interest in Surmontt, a
producing oil sands field in Alberta, and as a result the companies
now have the right to terminate deal for the Canadian
operations.
In late April, TotalEnergies accepted Suncor's bid to buy its
oil sands assets in Canada for 5.5 billion Canadian dollars,
equivalent to $4.03 billion, in cash and further payments that
could reach as much as C$600 million, under specific conditions.
The companies were looking to close the deal by the end of the
third quarter.
ConocoPhillips earlier Friday said it would use its preemption
right to buy the outstanding interest in Surmont for $3 billion, as
well as contingent payments of up to $325 million.
In afternoon trading, Suncor's shares were 1.1% lower at
C$38.35, and are down 11% this year.
Write to Robb M. Stewart at robb.stewart@wsj.com
(END) Dow Jones Newswires
May 26, 2023 15:10 ET (19:10 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
Suncor Energy (NYSE:SU)
Gráfico Histórico do Ativo
De Jan 2025 até Fev 2025
Suncor Energy (NYSE:SU)
Gráfico Histórico do Ativo
De Fev 2024 até Fev 2025
