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Tag: suncor
Oilsands giant Suncor posts $2-billion net loss during fourth quarter
2016-02-04 05:27:46| Oil & Gas - Topix.net
Suncor Energy, Canada's biggest oilsands player, has posted a net loss of $2 billion for the final three months of 2015 as it was walloped by the steep drop in crude prices. In addition to the oil price collapse, Suncor's bottom line was dragged down by nearly $1.6 billion in impairment charges and a $382 million foreign exchange loss related to its U.S. dollar-denominated debt.
Suncor reaches friendly for Canadian Oil Sands
2016-01-19 07:21:51| Apparel - Topix.net
Raymond James lifted their price target on shares of Canadian Oil Sands from C$10.25 to C$10.50 and gave the stock a "market perform" rating in a research note on Friday, October 30th. But Cooper slammed COS for resisting the takeover for so long.
Tags: friendly
oil
canadian
reaches
Suncor hopes to raise bid for Canadian Oil Sands -WSJ
2016-01-18 06:17:32| Oil & Gas - Topix.net
Jan 17 Suncor Energy Inc is working to raise its all-stock offer for rival Canadian Oil Sands Ltd and a deal could be announced as early as Monday, the Wall Street Journal said, citing a source familiar with the situation. The two Canadian companies have been working on a revised bid since Friday, the Wall Street Journal said on Sunday, citing the source, who said talks were still ongoing.
Suncor and Cenovus to invest up to $100 million in B.C. cleantech fund
2016-01-14 22:27:16| Energy - Topix.net
Cenovus Energy and Suncor Energy have each pledged up to $50 million over the next 10 years to support a cleantech fund launched Thursday called Evok Innovations. With the oil and gas industry facing increasing pressure over ecological issues, the new fund will look for ways to improve the sector's environmental performance.
Tags: million
fund
invest
cleantech
Suncor and Cenovus to invest up to $100 million in B.C. cleantech fund
2016-01-14 21:57:53| Oil & Gas - Topix.net
Cenovus Energy and Suncor Energy have each pledged up to $50 million over the next 10 years to support a cleantech fund launched Thursday called Evok Innovations. With the oil and gas industry facing increasing pressure over ecological issues, the new fund will look for ways to improve the sector's environmental performance.
Tags: million
fund
invest
cleantech
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