Suncor Energy deploys piggybank
GARY PARK For Petroleum News
Suncor Energy has scooped C$310 million out of its cash stash to add a 10 percent stake to the 40.8 percent share it has as operator of the next big oil sands project due on stream in Alberta.
The seller is Total E&P Canada, a wholly owned division of France’s Total, which will keep 29.2 percent of....
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Cash for ‘distressed assets’
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