Quote:
Originally Posted by Andy6
Their eastern gas stations were a result of the acquisition of Sunoco (Sun Oil Co.) from what I remember -- or maybe they were just bought from Sunoco.
Their western stations were mostly Pacific Petroleum (Pacific 66) stations, a Canadian brand that was related to Phillips Petroleum (Phillips 66) in the US.
|
I only considered upstream assets.
For downstream, at least some Sunoco stations stayed inder the ownership of Suncor, Sun Oil’s one-time Canadian subsidiary. Not sure if the Feds bought some of them. PetroCan also acquired downstream assets from Gulf, BP and Fina. The federal government helped Olympia York’s acquisition of Gulf’s upstream operations which, par for the course, was another boondoggle. Government money is always the dumbest money. Too bad the Harper government didn’t allow more Chinese SOE acquisitions. CNOC paid USD 15B for the steaming pile known as Nexen.