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Suncor sells stakes in three Canadian East Coast oil projects for up to $1.5-billion
Source: The Globe and Mail
M&A & RestructuringEnergy Markets & PricesCompany Fundamentals
Suncor Energy agreed to sell its interests in three oil fields off Newfoundland to London-based Ithaca Energy in a deal valued at up to $1.55 billion. The sale marks a major reduction in Suncor’s presence in a region where it has operated for decades.
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