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Suncor Energy Inc. (SU)

NYSE - NYSE Delayed Price. Currency in USD
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32.92-0.07 (-0.21%)
At close: 04:00PM EST
32.99 +0.07 (+0.21%)
After hours: 07:07PM EST
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  • Reuters

    TotalEnergies buys extra Canada oil sands project stake, squeezing Suncor

    (Reuters) -France's TotalEnergies will buy an extra stake in western Canada's Fort Hills oil sands mine from Teck Resources, the companies said on Friday, leaving partner Suncor Energy with a smaller slice than planned in a project that has struggled with operational challenges. Suncor announced in October an agreement to buy Teck's 21.3% interest in the mine, but TotalEnergies on Friday said it would exercise its right to first refusal and buy an additional 6.65% of Teck's share for C$312 million ($234 million) on the same terms as Suncor's deal with Teck.