Is it really a canadian company? Now!
I actually work for Suncor - was in meetings/conf. calls all morning about the new merger. It sounds pretty interesting indeed, and I think for the future of both of these companies this will be a huge plus. There will basically only be Exxon and Shell, and now Suncor that will be completely integrated from oilsands mining/SAGD through upgrading and refining and retail outlets. Suncor had a couple refineries and some retail in ON and CO, but of course Petro Canada had several refineries and numerous retail outlets - a definate bonus. As far as the job loses - unfortunately when companies merge there are areas of overlap and this will happen. However, there will also likely be many new areas or gaps that emerge for new employees as well. And hopefully with the combined cash flows and reduced overall debt - some of these construction projects can slowly start up again - Voyageur, Firebag, Fort Hills, etc..