Don't see how this doesn't work out well for SU!
-they buy low in CDN currency
-they get the increasing margins from the refining business
-PCA was a cronic under performer and the government hang over seemed to hamper it but the assets are as good as anyones but stock price has never reflected this...
-the stock actually hasn't made money for 5 years so it was time to repackage it and get more out of it.....this is one way to shake the activist shareholder OTPP and they might even attract new investment interest from OTPP
-they own a lot of smaller oilfields and not one big one and this is part of the reason that they were cronically undervalued...
-you get the Olympic mugs
-Likely won't happen but I like the name Petro Canada better then Suncor...
-TLM is likely next to go...
-Wonder which bank is going to finance the deal
-Does this guy take a pay cut?
http://people.forbes.com/profile/ron...renneman/10235