Suncor enables Teck's oil sands exit with a Cdn$1 billion Fort Hills acquisition

Over the last decade, many oil sands project participants have left the sector due to environmental issues, high emissions intensity, investor stigma, export system constraints causing sporadic regional price discounts and high costs. It has been a hard sector to create value in. But the future of the sector is not bleak. Committed companies are looking at highly cash generative assets today and plotting plans to lower emissions and entice investors back with high returns and a unique asset class with low declines. One of those committed players is Suncor. After one of the most challenging years in its history, with activist shareholders protesting for significant changes, poor operational and safety performance, leadership changes, and the divestiture of the North Sea E&P and renewable power businesses, Suncor returns to its roots.