Suncor is selling its non-core offshore assets to Ithaca Energy Under the agreement, Ithaca will make an upfront payment $1.2 billion plus up to an additional $350 million in contingent payments, based on future oil prices. The deal includes a 48 per cent interest in Terra Nova, a 40 per cent interest in White Rose and a 38.6 per cent stake in interest in West White Rose. https://www.bnnbloomberg.ca/markets/oil/2026/10/05/suncor-selling-non-core-offshore-assets-to-ithaca-energy/
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7 Comments
Sunny Dee@powerlunchmoney · 3d
Tidying up their balance sheet for a new acquisition I bet.
Shael @thecockerspanielofwallstreet · 3d
A lot of interesting news in this sector today…
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