Form 6-K SUNCOR ENERGY INC For: Jun 23
FORM 6-K
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
Report of Foreign Private Issuer
Pursuant to Rule 13a - 16 or 15d - 16 of
the Securities Exchange Act of 1934
For the month of: June, 2016 |
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Commission File Number: 1-12384 |
SUNCOR ENERGY INC.
(Name of registrant)
150 6th Avenue S.W.
P.O. Box 2844
Calgary, Alberta
Canada, T2P 3E3
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:
Form 20-F |
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Form 40-F |
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X |
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Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
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SUNCOR ENERGY INC. | ||
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Date: |
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By: |
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June 23, 2016 |
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Shawn Poirier |
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Shawn Poirier | |
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Assistant Corporate | |
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Secretary |
EXHIBIT INDEX
Exhibit |
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Description of Exhibit |
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99.1 |
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News Release dated June |
EXHIBIT 99.1
News Release dated June 23, 2016, Suncor Energy closes purchase of additional interest in Syncrude
News Release | |
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FOR IMMEDIATE RELEASE
All financial figures are in Canadian dollars
Suncor Energy closes purchase of additional interest in Syncrude
Calgary, Alberta (June 23, 2016) Suncor today announced that it has closed the previously announced purchase of a five per cent interest in Syncrude from Murphy Oil Corporations Canadian subsidiary.
The closing of this transaction further reinforces Suncors commitment to profitable growth and creating value for shareholders through strategic acquisitions, said Steve Williams president and chief executive officer. Despite speculative reports, there has been no change to Suncors strategy. We continue to focus on capital discipline as we evaluate value-added opportunities that are a good fit with our existing core business.
The $937 million sale price is subject to closing adjustments typical of transactions of this nature and is based on an effective date of April 1, 2016. All necessary regulatory approvals were received. The acquisition will be funded from the proceeds of the previously announced $2.9 billion common share financing which closed on June 22, 2016.
Through this transaction Suncors share in the Syncrude joint venture has increased from 48.74 per cent to 53.74 per cent.
Suncor Energy is Canadas leading integrated energy company. Suncors operations include oil sands development and upgrading, conventional and offshore oil and gas production, petroleum refining, and product marketing under the Petro-Canada brand. A member of Dow Jones Sustainability indexes, FTSE4Good and CDP, Suncor is working to responsibly develop petroleum resources while also growing a renewable energy portfolio. Suncor is listed on the UN Global Compact 100 stock index and the Corporate Knights Global 100. Suncors common shares (symbol: SU) are listed on the Toronto and New York stock exchanges.
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For more information about Suncor, visit our web site at suncor.com, follow us on Twitter @SuncorEnergy or come and See what Yes can do.
Media inquiries:
403-296-4000
Investor inquiries:
800-558-9071
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Suncor Energy |
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150 6 Avenue S.W. Calgary, Alberta T2P 3E3 |
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suncor.com |
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