Description: After shopping around for potential buyers, Suncor has decided to keep, rather than sell, fuel retailer Petro-Canada. Suncor had been seeking a cash purchase price in the range of $3.8 billion to $5.7 billion. Though Petro-Canada has the largest market share in its class in Canada, no buyer was interested in paying the price.
Date: November 29, 2022
1) Which retail gas supplier seems to be the market leader in your university town?
2) Why do you think Suncor was unable to find a buyer?
3) On page 9-47 of Wiley’s Financial Accounting: Tools for Business Decision-Making we see problem E9.13 in which we are asked to determine which company is Suncor by analyzing the three ratios provided. Which one of the two companies do you think is Suncor?