Suncor Energy To Sell Wilson Creek Assets For $168.5 Mln

(RTTNews) - Suncor Energy Inc. (SU.TO, SU) has agreed to sell its Wilson Creek assets located near Rimbey, Alberta to Tamarack Acquisition Corp., a wholly owned subsidiary of Tamarack Valley Energy Ltd., for $168.5 million.

Wilson Creek is a Cardium-focused operation and includes a 52% working interest in the operated Wilson Creek Unit No. 1 and associated facilities.

"The sale of the Wilson Creek assets is consistent with our disciplined approach to managing our portfolio," said Steve Williams, president and chief executive officer. "These are high-quality assets that no longer fit with our core business. We will continue to invest in those assets which are complementary to our core business and fit our long-term strategy."