je.st

Home › sands

Tag: sands

Canadian Oil Sands tells shareholders to reject Suncor bid as deadline looms

2015-12-29 18:27:39| Oil & Gas - Topix.net

Canadian Oil Sands is again urging its shareholders to reject a takeover bid by Suncor Energy, which has set Jan. 8 as the deadline for investors. The company sent a letter to its shareholders Tuesday in the latest back-and-forth between the two Calgary-based firms, saying it can weather prolonged low oil prices on its own and thrive once crude recovers.

Tags: oil bid canadian tells

Lessons from the Suncor-Canadian Oil Sands Shareholder Rights Plan Decision

2015-12-19 12:01:00| Oil & Gas - Topix.net

On December 14, 2015, the Alberta Securities Commission released its much anticipated decision concerning the 120-day shareholder rights plan adopted by Canadian Oil Sands Limited in response to the unsolicited take-over bid for COSL commenced by Suncor Energy Inc. on October 5, 2015. The ASC permitted the COSL tactical shareholder rights plan to remain effective until January 4, 2016, resulting in a 90-day bid period.

Tags: rights plan decision oil

Suncor: Canadian Oil Sands leadership has 'almost no skin in the game'

2015-12-15 20:04:54| Oil & Gas - Topix.net

Suncor Energy has made a new appeal to the shareholders of its reluctant takeover target, arguing that Canadian Oil Sands' top brass would own more stock in their company if they were truly confident in its future as an independent player. "COS board members and management have almost no skin in the game, yet they want you to take a huge risk by rejecting our offer," Suncor CEO Steve Williams wrote in an open letter released Tuesday.

Tags: the game skin oil

Canada climate push spells uncertainty for oil sands

2015-12-09 16:48:00| Climate Ark Climate Change & Global Warming Newsfeed

Reuters: Canada's newly elected government is committed to being a strong ally in global efforts to curb climate change, but it is unclear yet what that will mean for its vast oil patch, Environment and Climate Change Minister Catherine McKenna said on Wednesday. "We are committed to moving to a low-carbon economy and we need to look at what that means," McKenna said at a briefing on the sidelines of the U.N. climate conference in Paris. Canada's oil sands are among the largest petroleum reserves in...

Tags: canada oil push climate