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Suncor says it can improve Syncrude performance with COS takeover
2015-10-29 17:18:58| Electronics - Topix.net
Suncor Energy Inc. says if it's able to increase its stake in the Syncrude oilsands mine, operations at the sprawling development north of Fort McMurray, Alta., will run more smoothly. "We believe that we can drive real improvements in Syncrude's performance with a larger ownership interest," CEO Steve Williams said in a release announcing Suncor's third-quarter results late Wednesday.
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Suncor posts third-quarter loss of $376 million
2015-10-29 08:56:40| Oil & Gas - Topix.net
Oil producers like Suncor have been squeezed by persistent weakness in crude prices, which have fallen to around $43 a barrel - down 60 per cent from the high point last year. Suncor Energy Inc. has posted a third-quarter net loss of $376 million, a sharp reversal from the $919-million profit from the same period a year earlier.
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Canada oil-sands giant Suncor posts loss
2015-10-29 08:56:39| Oil & Gas - Topix.net
Suncor Energy Inc., Canada's largest crude-oil producer, reported a third-quarter net loss on a foreign exchange-related charge and slumping crude oil prices, setting a grim tone for the Canadian energy industry's earnings. The Calgary company posted a net loss of 376 million Canadian dollars , or 26 Canadian cents a share, in the three months ended Sept.
Suncor And Canadian Oil Sands Square Off Over Takeout Bid
2015-10-21 10:32:11| Oil & Gas - Topix.net
On October 5, Suncor Energy announced a surprising hostile $4.3 billion offer for the outstanding shares of Canadian Oil Sands . Under its terms, a COS shareholder would receive .25 of a Suncor share for each COS share .
Canadian Oil Sands asks shareholders to reject Suncor Energys $3.2bn offer
2015-10-20 01:00:00| Hydrocarbons Technology
Canadian Oil Sands (COS) has asked its shareholders to reject the C$4.3bn ($3.2bn) offer by Suncor Energy saying that the bid undervalues the company.
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