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Suncor Energy Inc. Message Board

  • blackoutbuzz blackoutbuzz Mar 5, 2013 7:01 PM Flag

    Merger thoughts

    Geez we need a competent CEO badly. He should not be saying mergers are off the table, even if it would be difficult to get government approval for it.

    I wonder though... seems that a merger with TRP could be a very nice combination and create a Canadian energy superpower.

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    While acknowledging that there was significant interest from investors and rivals in the company, Williams bluntly ruled out a merger with energy giant ExxonMobil. He explained that legislation and competition rules all but forbid such an outcome.

    "When we acquired Petro-Canda, there was something called the Petro-Canada Act, which precludes a purchase of Suncor without govt approval," Williams said. "It's very unlikely that a company the size and strategic importance of Suncor to Canada could be acquired."

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