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Tag: canadian oil
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.
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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.
Canadian Oil Sands claims victory, calls for Suncor to disclose details to public
2016-01-11 14:12:19| Oil & Gas - Topix.net
Canadian Oil Sands Ltd. is calling on Suncor Energy Inc. to disclose details of how shareholders reacted to its $4.3-billion hostile takeover bid for COS before a Jan. 8 deadline was extended by nearly three weeks. The Calgary-based company claims it won a resounding victory last week, which ended with Suncor extending the deadline for its all-stock offer to Jan. 27 - but without changing what's on the table.
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Canadian Oil Sands repeats call to remain independent despite Suncor bid
2016-01-04 14:49:52| Oil & Gas - Topix.net
Canadian Oil Sands is continuing its efforts to fend off a hostile takeover by Suncor, telling shareholders again Monday that their interests will be "best served" in the long run if the company remains independent. The Calgary-based company noted that Suncor has given Canadian Oil Sands shareholders until Friday to accept its all-stock offer and advises them to hold onto their shares.
Tags: call
independent
remain
oil
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.
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