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Suncor Energy Inc. Message Board

blackoutbuzz 719 posts  |  Last Activity: Dec 20, 2014 1:13 PM Member since: Apr 26, 2001
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  • blackoutbuzz by blackoutbuzz Sep 21, 2014 7:55 PM Flag

    Interesting times ahead in the world of beer. Last week SABMiller made an offer to buy Heineken that was quickly rejected. Now there's talk that Inbev may buy SABMiller. But SABMiller may want to look at other options like merging with DEO. I am very happy holding MO and DEO.

  • Quite a conundrum for the warmongers.

    @@@@@Iran is ready to work with the United States and its allies to stop Islamic State militants, but would like more flexibility on Iran's uranium enrichment program in exchange, senior Iranian officials told Reuters.

  • Reply to

    Iran throws USA an olive branch

    by blackoutbuzz Sep 21, 2014 9:59 PM
    blackoutbuzz blackoutbuzz Sep 21, 2014 10:58 PM Flag

    So I take it you're on the warmongers' side then? And you dare to call yourself a saint? Idiot.

  • Reply to

    HPQ/EMC merger

    by blackoutbuzz Mar 12, 2014 7:51 PM
    blackoutbuzz blackoutbuzz Sep 21, 2014 11:02 PM Flag

    Really? Apparently they've been in talks for quite a while now.

    EMC weighs merger, other options By Dana Cimilluca and Joann S. Lublin Published: Sept 21, 2014 10:33 p.m. ET Data-storage giant EMC Corp. EMC, -0.64% under pressure from a shareholder activist and faced with the expected retirement of its longtime chief executive, is considering options that could include a merger deal with a rival, according to people familiar with the matter. EMC for nearly a year held off-and-on merger discussions with Hewlett-Packard Co. HPQ, -0.59% , though those talks recently ended, according to people familiar with the matter. It isn’t clear whether the talks could be revived.

  • blackoutbuzz blackoutbuzz Sep 22, 2014 1:36 AM Flag

    Hard to believe BTC didn't drop to zero yet huh hater...

  • blackoutbuzz blackoutbuzz Sep 22, 2014 1:49 AM Flag

    Four bills to zero is a bit of a stretch no? Let's talk again in 2015.

  • Reply to

    we just buttomed

    by ohteagun Sep 22, 2014 1:19 PM
    blackoutbuzz blackoutbuzz Sep 22, 2014 3:41 PM Flag

    So you're betting on a better than expected China manufacturing PMI number tonight?

  • Reply to

    Apology: Yes, EMC and HP Thought of Merger

    by trueallday Sep 22, 2014 11:21 AM
    blackoutbuzz blackoutbuzz Sep 22, 2014 3:49 PM Flag

    I think the deal is going to happen. It makes sense.

  • Reply to

    Tax Inversion date?

    by szb_mrnn Sep 22, 2014 11:11 AM
    blackoutbuzz blackoutbuzz Sep 22, 2014 7:01 PM Flag

    Obama to the rescue... maybe there won't be an inversion.

    @@@@@The Treasury and the Internal Revenue Service took action against tax inversions on Monday.In a series of new measures, the Treasury said it is seeking to reduce the benefits influencing-"and when possible, stop"-inversions.

  • blackoutbuzz by blackoutbuzz Sep 22, 2014 7:50 PM Flag

    He has a chance to keep a 10% stake in a viable company with $3B+ less debt. Instead he will end up with NOTHING, NADA, ZILCH. What an idiot.

  • Reply to

    Dropdowns

    by blackoutbuzz Aug 15, 2014 2:27 PM
    blackoutbuzz blackoutbuzz Sep 22, 2014 8:54 PM Flag

    And here it is, along with 12% hike in the dividend.

    @@@@@CALGARY, ALBERTA--(Marketwired - Sep 22, 2014) - Enbridge Inc. (ENB.TO) (ENB) has entered into an agreement with Enbridge Income Fund (the "Fund") to transfer a package of natural gas and diluent pipeline interests to the Fund for total consideration of $1.76 billion. The transfer is subject to receipt of customary regulatory approvals and is expected to close in November 2014.

    @@@@@Enbridge Income Fund Holdings Inc. (the "Company") (TSX:ENF) and Enbridge Income Fund (the "Fund") announced today that indirect wholly-owned subsidiaries of the Fund have entered into agreements with indirect wholly-owned subsidiaries of Enbridge Inc. (TSX:ENB) (NYSE:ENB) ("Enbridge") to acquire a 50 percent interest in the U.S. segment of the Alliance Pipeline and subscribe for and purchase Class A Units which will provide a defined cash flow stream from the Southern Lights Pipeline (collectively, the "Assets"), for $1.76 billion (the "Transaction"). The Company also announced that to finance its equity investment in the Fund pursuant to the Transaction, it has entered into a bought deal agreement with Scotiabank, RBC Capital Markets and TD Securities Inc. for the sale of an aggregate of 11,100,000 subscription receipts of the Company ("Subscription Receipts") at a price of $30.35 per Subscription Receipt, for gross proceeds of $337 million. Closing of the Transaction is subject to customary regulatory approval, including pursuant to competition legislation in Canada and the U.S. The Company anticipates that the Transaction will be completed in November 2014. Collectively, the Assets are expected to generate within the Fund cash flow before interest expense of approximately $150 million per year on average over a long term planning horizon. The Company intends to increase the dividend on its common shares ("Common Shares") by 12 percent following close of the Transaction.

  • Reply to

    airstrikes

    by jh5781 Sep 22, 2014 9:46 PM
    blackoutbuzz blackoutbuzz Sep 23, 2014 1:17 AM Flag

    Prizes cannot be rescinded. The awarding committee that made this terrible decision will forever bear the scorn of mankind.

    @@@@No one has ever been stripped of a Nobel Prize, because this is actually specifically forbidden by the organization which administers the Nobel Prizes. According to the Nobel Foundation, “no appeals may be made against the decision of a prize-awarding body with regard to the award of a prize,” and no prizes can be revoked after the fact, no matter how controversial they may seem. Despite the existence of several petitions pushing for retraction of controversial Nobel Prizes, it is unlikely that the organization will change its rules to make a revocation possible. The committees which administer the Nobel Prizes are very cautious. They investigate nominees very carefully, often awarding prizes 20 years or more after the Nobel-worthy accomplishment. In some cases, the committee has lingered so long over a prize decision that the honoree has died before the prize can be awarded, which explains why some seemingly Nobel-worthy individuals have failed to receive Nobel Prizes.

  • blackoutbuzz by blackoutbuzz Sep 23, 2014 11:35 AM Flag

    Oh look CREE is suing a company to stir up some excitement.

    @@@@@Cree accuses Harvatek, Kingbright of patent infringement in US Julian Ho, Taipei; Adam Hwang, DIGITIMES [Monday 22 September 2014] US-based Cree has filed patent infringement lawsuits with the US District Court for the Western District of Wisconsin against Taiwan-based LED packaging houses Harvatek and Kingbright Electronics, according to the company. The infringed patents are US Patent Nos. 6,600,175, 7,943,945 and 8,659,034 concerning white-light LEDs, Nos. 7,910,938 and 8,766,298 concerning LEDs and No. 8,362,605 concerning apparatus and method for use in mounting electronic elements, Cree said. In response to the charges, Harvatek indicated that it has received notice from Cree's attorneys at law but has not yet received formal documents from the court. Harvatek emphasized that it always respects other companies' intellectual property and has no intension of infringing other companies' patents. While Harvatek focuses on the Asia market, its products involved in the accusations are very low volume and therefore the lawsuit will not have a substantial operational and financial impact, the company said.

  • blackoutbuzz blackoutbuzz Sep 23, 2014 12:52 PM Flag

    Does CS make any mention of nickel production revenues in 2015-17? Is that factored into their analysis?

  • Reply to

    Distraction

    by blackoutbuzz Sep 23, 2014 11:35 AM
    blackoutbuzz blackoutbuzz Sep 23, 2014 1:37 PM Flag

    Sure, but if you're gonna sue, you go on the attack against violations that are generating big revenues for the infringer, not some penny-ante low volume runner..

    @@@@While Harvatek focuses on the Asia market, its products involved in the accusations are very low volume and therefore the lawsuit will not have a substantial operational and financial impact, the company said

  • Reply to

    Distraction

    by blackoutbuzz Sep 23, 2014 11:35 AM
    blackoutbuzz blackoutbuzz Sep 23, 2014 1:51 PM Flag

    Establishing a precedent is always useful as a deterrent, but legal processes cost a lot of money, so if the patent is truly locktight, might as well just wait for a big fish to catch IMO.

  • Reply to

    Dropdowns

    by blackoutbuzz Aug 15, 2014 2:27 PM
    blackoutbuzz blackoutbuzz Sep 23, 2014 3:11 PM Flag

    The dividend hike will put a floor on the stock price. At 30 the yield is now going to be ~5.1%.

  • blackoutbuzz by blackoutbuzz Sep 23, 2014 3:26 PM Flag

    Oil by rail from inland Canada to Quebec then by boat to Europe. Looks like someone in Europe wants to evaluate it in their refinery. TRP is pushing the Energy East project that would pipe tarsands oil from Alberta to New Brunswick, where it could be loaded onto ships for export.

    @@@@@CALGARY, Alberta, Sept 23 (Reuters) - Canada's largest oil and gas producer, Suncor Energy Inc, is shipping its first ever tanker of Western Canadian heavy crude from Canada's East Coast to Europe, a company spokeswoman said on Tuesday. Suncor spokeswoman Sneh Seetal confirmed Reuters shipping data that shows the aframax tanker Minerva Gloria was set to pick up a cargo of crude oil from the port of Sorel-Tracy on the St. Lawrence River in Quebec. Seetal declined to comment on where in Europe the crude cargo is going, citing commercial confidentiality. According to Reuters data it will be discharged in the Mediterranean. The crude was delivered by rail to a storage facility in Sorel-Tracy that is owned by Kildair Service Ltd.

  • Reply to

    Distraction

    by blackoutbuzz Sep 23, 2014 11:35 AM
    blackoutbuzz blackoutbuzz Sep 23, 2014 3:33 PM Flag

    RMBS? I seem to recall they lost some key memory patent cases a few years ago.... so much for defending IP huh. And how the frick did RMBS go from 3 to 12 since then anyway?

  • Reply to

    volune

    by dvrste Sep 23, 2014 3:55 PM
    blackoutbuzz blackoutbuzz Sep 23, 2014 4:25 PM Flag

    I would say yes. The publicly traded float will go up ~25% which is a decent boost to liquidity. Subscription receipts to fund equity portion of the deal are priced at $30.35.

    There's a slide presentation posted on ENF.TO website summarizing the deal nicely. The Alliance US gas pipeline will benefit from development of natgas collection network in the Bakken area. Southern Lighrs diluent pipeline capacity is contracted out for 25 years.

    I am sticking with this one. I like the new assets.

    @@@@@The Company also announced that to finance its equity investment in the Fund pursuant to the Transaction, it has entered into a bought deal agreement with Scotiabank, RBC Capital Markets and TD Securities Inc. for the sale of an aggregate of 11,100,000 subscription receipts of the Company ("Subscription Receipts") at a price of $30.35 per Subscription Receipt, for gross proceeds of $337 million. Closing of the Transaction is subject to customary regulatory approval, including pursuant to competition legislation in Canada and the U.S. The Company anticipates that the Transaction will be completed in November 2014.

SU
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