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The close: Oil sands takeover bid helps push TSX higher
2015-10-06 00:40:42| Oil & Gas - Topix.net
A specialist trader works at his post on the floor of the New York Stock Exchange Oct. 5. A specialist trader works at his post on the floor of the New York Stock Exchange Oct. 5. Canada's main stock index gained 1.6 per cent on Monday, with the energy sector invigorated by heavyweight Suncor Energy Inc's hostile bid for Canadian Oil Sands Ltd, a rival and co-producer. The Toronto Stock Exchange's S&P/TSX composite index closed up 212.46 points, or 1.59 per cent, at 13,552.20.
Suncor launches $4.3 billion bid for Canadian Oil Sands
2015-10-05 14:16:54| Oil & Gas - Topix.net
The Calgary-based company says it's offering Suncor shares worth about $4.3 billion and would take on about $2.3 billion of debt owed by Canadian Oil Sands, making the total transaction worth $6.6 billion. Suncor says the offer would give shareholders of Canadian Oil Sands a stake in Canada's largest integrated energy company, which includes the Petro-Canada chain of fuel stations as well as its own oil and gas production and refining operations.
Tags: oil
bid
canadian
billion
Tar Sands Mining Moves to Utah
2015-10-01 15:50:00| Climate Ark Climate Change & Global Warming Newsfeed
Climate Central: The Canadian tar sands, or oil sands, are much more carbon-laden than most other fossil fuels produced in North America, and their possible outsized impact on the climate is one of the primary reasons the proposed Keystone XLPipeline, which would carry tar sands oil to Texas refineries, is so controversial. Despite long odds as oil prices continue their dip below $50 per barrel, commercial tar sands mining is coming for the first time to the U.S., where an Alberta company called U.S. Oil Sands...
Canada: No long-term future in tar sands, says Alberta's premier
2015-09-30 15:13:00| Climate Ark Climate Change & Global Warming Newsfeed
Guardian: The leader of Canadas biggest oil-producing province has declared she sees no long-term future in fossil fuels, predicting Alberta would wean itself off dirty energy within a century. In an early reveal of her forthcoming new energy policy, Albertas Rachel Notley said she would fight climate change by cleaning up the tar sands, shutting down coal-fired power plants, and converting to wind and solar power. Notley also forecast an eventual future beyond fossil fuels a dramatic change for...
Tags: canada
future
premier
tar
Las Vegas Sands abandons plans for South Florida casino
2015-09-30 11:42:10| Trucking - Topix.net
Las Vegas Sands Corp. has abandoned a six-year effort to build a casino-resort in South Florida and has now focused attention on a potential gaming development in Georgia. Andy Abboud, the casino operator's senior vice president of government relations, confirmed publish reports from the Sunshine State that Las Vegas Sands had shut down its lobbying contracts in Florida.
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