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Questions arise over Canadian Oil Sands as it lays out 2016 spending plans

2015-12-01 19:11:37| Oil & Gas - Topix.net

Canadian Oil Sands Ltd., fighting a hostile takeover bid by Suncor Energy, has laid out spending plans and performance targets for next year that it says demonstrate shareholders are well-served under the status quo. Throughout the heated takeover debate, Suncor has cast COS as a risky investment as a stand-alone firm, given the likelihood of a prolonged oil price downturn.

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