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  5. SU: Given Conocco Phillips exercised their right of first refusal on Surmount, Suncor has options to manage their cash. [Suncor Energy Inc.]
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Q: Given Conocco Phillips exercised their right of first refusal on Surmount, Suncor has options to manage their cash. Their is also comments that they need to replace production so in addition to reducing debt, buying shares, acquistions could be an option. Who do you think would be a target for them?
Thanks
Asked by Gordon on May 31, 2023
5i Research Answer:

Picking targets is always tricky, but we think MEG might be a possibility, or BTE.

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