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  5. SU: Thanks for your response to my question regarding what companies SU might consider for future acquisitions given they will have a need to replace production going forward. [Suncor Energy Inc.]
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Q: Thanks for your response to my question regarding what companies SU might consider for future acquisitions given they will have a need to replace production going forward. Would you please provide explanations for both MEG and BTE as to why they would be the potential targets by SU.
Thank you!
Asked by Gordon on June 01, 2023
5i Research Answer:

SU has expertise in heavy oil, and just lost out on a $3B acquisition. Thus, it may want to shop around for other cheap assets with heavy oil exposure, and both companies fit the bill there. 

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