Reported Sunday, Suncor To Sell Non-Core Offshore Assets For C$1.2B Cash Plus Up To C$350M Contingent, Lifts Monthly Buybacks To C$750M From C$500M
Agreement reached to sell interests in Terra Nova, White Rose, and West White Rose for $1.2 billion cash and an additional contingent payment of up to $350 millionIncreased share repurchases from $500 million to $750
Suncor is selling some oil fields to get cash. This money helps them buy back more of their own stock, which can reward owners.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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