FTSE 100 news / Companies and sectors / Ithaca Energy / Ithaca Energy to buy Suncor's Canadian offshore assets
Ithaca Energy to buy Suncor's Canadian offshore assets
+6.9 strongly positive
Many outlets report Ithaca's $860m deal for Suncor's Newfoundland offshore stakes, its first overseas deal, with shares up.
How each outlet covered it
| Outlet | Headlines | Tone |
|---|---|---|
| Kalkine Media | 5 | +6.9 |
| TradingView | 5 | +4.5 |
| Sharecast | 4 | +7.8 |
| AD HOC NEWS | 4 | +6.6 |
| Yahoo Finance | 3 | +8.4 |
| MarketScreener | 3 | +7.9 |
| Investing.com | 2 | +9.8 |
| AskTraders | 2 | +9.2 |
| This is Money Markets | 2 | +8.2 |
| TipRanks | 2 | +8.0 |
| the deep dive | 2 | +5.4 |
| gurufocus.com | 2 | +3.3 |
| The Globe and Mail | 2 | +2.1 |
| Upstream Online | 1 | +10.0 |
| Energy Voice | 1 | +10.0 |
| Yahoo Finance UK | 1 | +9.7 |
| finance.biggo.com | 1 | +9.7 |
| The Times | 1 | +9.7 |
| Oil & Gas Middle East | 1 | +9.2 |
| Quantum Commodity Intelligence | 1 | +9.2 |
| energynews.pro | 1 | +8.3 |
| Ocean Energy Resources | 1 | +8.3 |
| qz.com | 1 | +8.3 |
| TheBusinessDesk | 1 | +8.3 |
| calcalistech.com | 1 | +8.3 |
| Brand Icon Image | 1 | +8.3 |
| Offshore Magazine | 1 | +7.5 |
| Rigzone | 1 | +7.5 |
| Inspenet | 1 | +7.5 |
| WSJ | 1 | +7.5 |
| DirectorsTalk Interviews | 1 | +7.2 |
| Traders Union | 1 | +7.0 |
| Dealroom | 1 | +7.0 |
| VOCM | 1 | +6.7 |
| Serrari Group | 1 | +6.7 |
| AJ Bell | 1 | +6.7 |
| ccentral.ca | 1 | +6.7 |
| The Jerusalem Post | 1 | +6.3 |
| AKM.RU | 1 | +5.8 |
| CBC | 1 | +5.8 |
| Seeking Alpha | 1 | +5.8 |
| Reuters | 1 | +5.0 |
| Yahoo! Finance Canada | 1 | +4.2 |
| Yahoo Finance Singapore | 1 | +3.3 |
| Simply Wall Street | 1 | +1.7 |
| Daily Business | 1 | −1.7 |
Day by day
Friday 16 October 2026
Kalkine pieces discuss the acquisition and its output outlook.
- +7.0 Ithaca Energy (LSE:ITH) Suncor Deal Lifts Output Outlook: Key FTSE 100 Watch
Suncor deal lifts output outlook, positive for growth - +5.0 Ithaca Energy (LSE:ITH) Acquisition Announcement: FTSE 100 Watch Today
Acquisition announcement viewed as a growth move
Wednesday 14 October 2026
Coverage notes Suncor divested offshore interests to Ithaca for CAD 1.55bn, with M&A debate on fair value.
- +7.0 Suncor Energy stock gains more than 3% after divesting offshore interests to Ithaca Energy for CAD 1.55 billion
Ithaca is buyer of Suncor offshore interests in CAD 1.55bn deal. - +5.0 Why Is Suncor Energy (TSX:SU) Exiting Offshore Assets to Refocus on the Oil Sands?
Suncor exit of offshore assets, which Ithaca is acquiring. - +1.7 Ithaca Energy (LSE:ITH) M And A Call Puts Fair Value Debate Back In Focus
Commentary on Ithaca's M&A and fair value debate; mildly constructive.
Friday 9 October 2026
Fitch placed Ithaca on Rating Watch Positive after the Suncor Canadian asset deal.
- +9.2 Fitch Puts Ithaca Energy Rating on Watch Positive After Suncor Canada Deal
Fitch rating watch positive after Canadian acquisition - +9.2 Fitch Places Ithaca Energy on Rating Watch Positive Over Purchase of Canadian Assets
Fitch positive watch over Canadian asset purchase - +9.2 Ithaca Energy Placed on Fitch Rating Watch Positive Following Canadian Acquisition
Fitch positive rating watch following Canadian acquisition - +9.0 Ithaca Energy Wins Positive Rating Watch After Canadian Deal
Positive rating watch after Canadian deal - +8.3 Ithaca Energy stock expands in Canada with 103 million boe
Canadian expansion adds 103 million boe - +7.5 Delek stock rises 1.06 percent while Ithaca enters positive rating watch
Positive rating watch mentioned, though headline centres on Delek - +3.3 Suncor Energy (TSX:SU) Exits East Coast Offshore Oil Production
Suncor exit relates to the asset sale to Ithaca
Thursday 8 October 2026
Reports cover Ithaca's roughly $860m deal for Suncor's Canadian offshore assets, with Fitch placing Delek on Rating Watch Positive.
- +8.7 Ithaca Energy (LSE:ITH) Canadian Deal Expands Reserves Beyond the North Sea Amid FTSE 100 Moves
Canadian deal expands reserves beyond the North Sea. - +6.3 Suncor agrees offshore sale while Suncor Energy stock gains 1.17 percent
Ithaca is the buyer of Suncor's offshore assets. - +5.8 British Ithaca to pay more than $1 billion for assets in Canada
Ithaca to pay over $1 billion for Canadian assets. - +5.0 REG - Ithaca Energy PLC Delek Group - DLEKG - Fitch Rating Watch Positive - Canadian Acquisition
Fitch watch positive on parent Delek tied to Ithaca's Canadian acquisition. - +4.2 Delek stock faces Ithaca's USD 860 million Canada deal
Ithaca's $860 million Canada deal is main subject.
Wednesday 7 October 2026
Outlets report Ithaca Energy is buying Suncor's Canadian offshore assets, including Terra Nova and White Rose stakes, for $860m.
- +8.7 Why Is Ithaca Energy (LSE:ITH) Leading The FTSE 100 After Its Suncor Asset Deal?
Ithaca leading FTSE 100 after the Suncor deal - +8.0 Ithaca Energy Expands Into Canada With $860M Suncor Offshore Assets Deal
Deal expands Ithaca into Canada, a new region - +7.5 Ithaca Energy to acquire Terra Nova, White Rose stakes offshore Canada from Suncor
Ithaca announces acquisition of offshore Canada stakes from Suncor - +7.0 Ithaca Energy buys Suncor's offshore Canada assets for $860M
Reports $860M purchase of Suncor's offshore Canada assets - +6.7 Sale of Suncor’s Stake in Oil Projects to Ithaca ‘Good News’ for NL: Energy Minister
Newfoundland energy minister welcomes the sale to Ithaca - +6.7 Ithaca Energy Buys Suncor’s Canadian Oil Assets for $860 Million
Reports the $860M Canadian asset purchase - +6.3 Yitzhak Tshuva’s Ithaca Energy invests $860 million in Canadian oil drilling
Covers Ithaca's $860M investment in Canadian oil - +3.0 FTSE 100 movers: Informa surges; Ithaca gives back some gains
Shares gained on deal but gave back some gains
Tuesday 6 October 2026
Many outlets report Ithaca's $860m deal for Suncor's Newfoundland offshore stakes, its first overseas deal, with shares up.
- +10.0 'Transformational' Ithaca Energy deal to provide North American foothold
Described as transformational, gives North American foothold - +10.0 Ithaca to expand into Canada with $860m Suncor asset acquisition
Expansion into Canada via acquisition - +10.0 Why is Ithaca Energy stock rallying today?
Shares rallying on the acquisition - +10.0 London close: FTSE gains; Ithaca jumps on acquisition
Shares jump on acquisition, lifting FTSE - +9.7 British Equities Start Week in Green; Ithaca Energy Shines
Ithaca shines in market gains - +9.7 FTSE 100 movers: Ithaca rallies on acquisition; IG Group falls again
Ithaca rallies on acquisition - +9.7 Ithaca Energy Jumps 3% After Striking $860 Million Deal for Suncor's Canadian Offshore Fields
Shares jump 3% after deal - +9.7 Ithaca Energy shares rise 3% on $860 mln Suncor Canada asset deal
Shares up 3% on asset deal - +9.7 Ithaca expands abroad for first time with $860m Canada deal
First overseas expansion via Canada deal - +9.2 Ithaca Energy Buys Suncor’s Offshore Canada Assets as Shares Rise 2.7%
Acquisition with shares up 2.7% - +9.2 Ithaca signs $860m Canada oil deal
Major acquisition expanding Ithaca's asset base - +9.2 Ithaca buys Suncor offshore oil stakes in first overseas deal
First overseas deal for Ithaca - +8.7 London midday: FTSE ticks higher as Ithaca Energy, BT Group gain
Ithaca shares gain at midday - +8.3 British oil giant ploughs £650m into Canada as it looks beyond high tax North Sea
Investment in Canada diversifies away from high-tax North Sea - +8.3 Suncor sells its Newfoundland offshore assets to Ithaca Energy for C$1.2 billion
Ithaca acquires Newfoundland offshore assets - +8.3 Ithaca Energy buys stakes in Terra Nova and White Rose
Ithaca buys stakes in Terra Nova and White Rose - +8.3 Suncor is selling its offshore Canada oil assets to Ithaca Energy for up to C$1.55 billion
Ithaca is buyer of Suncor offshore assets - +8.3 Ithaca Energy acquires Canadian oil assets for $860m
Acquires Canadian oil assets - +8.3 Delek-backed Ithaca buys into Canadian oil fields for up to $1.11 billion
Ithaca buys into Canadian oil fields - +8.0 British oil giant to drill in Canada as it looks beyond high tax North Sea
Canada drilling move beyond high-tax North Sea - +8.0 Suncor Energy to Sell Terra Nova, White Rose Offshore Stakes to Ithaca Energy for CA$1.55 Billion
Ithaca to acquire Terra Nova and White Rose stakes - +7.5 Suncor Sells Assets off Canadian East Coast to Ithaca
Ithaca acquires Suncor East Coast assets - +7.5 Suncor sells offshore oil assets to Ithaca for US$842 million
Ithaca buys offshore oil assets - +7.5 Ithaca Energy plc entered into an agreement to acquire Portfolio of conventional offshore oil assets located in Newfoundland and Labrador, Canada from Suncor Energy Inc. (TSX:SU) for $1.1 billion.
Factual report of acquisition agreement - +7.5 Suncor Sells Canadian East Coast Offshore Stakes to Ithaca Energy for $1.2 Billion
Ithaca buys Suncor East Coast stakes - +7.0 Suncor selling non-core offshore assets to Ithaca Energy
Ithaca buying non-core assets from Suncor - +6.7 Daily market update: Metlen, BT, Ithaca Energy
Named among daily movers after the deal - +6.7 Suncor sells stakes in several Newfoundland offshore oil projects to Ithaca Energy
Ithaca named buyer of Newfoundland stakes - +5.8 Suncor selling off stakes in N.L.’s Terra Nova, White Rose and West White Rose for $1.2B
Seller-focused report of assets going to Ithaca - +5.8 Suncor Energy Inc. (SU:CA) Ithaca Energy plc, - M&A Call - Slideshow (TSX:SU:CA) 2026-10-05
M&A call on the deal - +4.2 One oilsands major sells off N.L. offshore assets, another bulks up Alberta holdings
Deal covered mainly from seller's perspective - −1.7 Ithaca may be cooling on BP assets with Canada deal
Suggests Ithaca may be cooling on BP asset interest - −1.3 Unifor Members In Contract Talks At Terra Nova Offshore Oil Platform As Suncor Sells Stake To Ithaca Energy
Labour talks at acquired platform add minor uncertainty
Monday 5 October 2026
Ithaca agreed to acquire Suncor's Canadian offshore oil stakes in a deal reported at around $860m, with Suncor increasing share buybacks.
- +8.3 Ithaca Energy Expands Into Eastern Canada With C$1.2 Billion Suncor Asset Deal
Deal expands Ithaca into Eastern Canada, geographic growth. - +8.0 Ithaca Energy Announces Strategic Acquisition Of Offshore Canada Assets From Suncor
Ithaca announces strategic acquisition of offshore assets. - +7.5 REG - Ithaca Energy PLC Delek Group - DLEKG - STRATEGIC ACQUISITION OF OFFSHORE CANADA ASSETS
Company's own announcement of strategic acquisition. - +7.5 Ithaca Energy to Buy Offshore Canada Oil Assets From Suncor Energy for Up to $1.1 Billion
Ithaca agrees sizeable offshore Canada acquisition, expanding its asset base. - +7.2 Ithaca Energy Agrees US$860m Acquisition Of Canadian Oil Assets
Ithaca agrees acquisition of Canadian oil assets. - +7.0 Ithaca Energy to Buy Suncor’s Canadian Offshore Assets in $860 Million Deal
Acquisition of Suncor's Canadian offshore assets announced. - +5.0 Suncor to sell offshore Canada oil stakes to Ithaca for $842 million
Ithaca named as buyer of offshore Canada stakes. - +3.3 Suncor Energy (SU) Sells Offshore Stakes to Ithaca Energy, Boosts Share Repurchases
Seller-focused, but Ithaca is named buyer in the deal. - +3.3 Suncor Offloads $1.9 Billion in Offshore Obligations in Sale to Ithaca Energy
Framed from seller's view; Ithaca takes on offshore obligations. - +3.3 Suncor sells stakes in three Canadian East Coast oil projects for up to $1.5-billion
Seller-focused story; Ithaca is the buyer of the projects. - +3.3 Suncor Energy (SU) Sells Offshore Stakes to Ithaca Energy for $8
Seller-focused report naming Ithaca as acquirer. - +3.3 Suncor to sell stakes in three offshore Canadian oil assets for up to C$1.55B
Seller-focused report; Ithaca is the buyer of the stakes. - +0.8 Suncor to divest non-core offshore assets and increase shareholder returns
Suncor-focused divestment story; Ithaca only indirectly involved.