Suncor Buying Petro-Canada for $15 Billion, Consolidating Canadian Energy Industry
Mar 24th, 2009 | By Mike Caggeso | Category: Financial News, Oil Investment & Alternative EnergySuncor Energy Inc. (SU) said it will buy rival Petro-Canada (PCZ) for $14.9 billion (C$18.43 billion) in a deal that will create Canadia’s largest energy company, with a refining capacity of 433,000 barrels per day.