Wed, Jan 28, 2015, 9:54 AM EST - U.S. Markets close in 6 hrs 6 mins


% | $
Quotes you view appear here for quick access.

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.

    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."

    SortNewest  |  Oldest  |  Most Replied Expand all replies
29.90-0.41(-1.35%)9:54 AMEST

Trending Tickers

Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.