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Tag: canadian 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.
Suncor Energy extends $3.2bn takeover offer for Canadian Oil Sands
2015-12-07 01:00:00| Hydrocarbons Technology
Suncor Energy has extended its C$4.3bn ($3.2bn) takeover offer for its Canadian Oil Sands (COS) until 8 January 2016.
Tags: offer
energy
oil
canadian
Questions arise over Canadian Oil Sands as it lays out 2016 spending plans
2015-12-01 19:11:37| Oil & Gas - Topix.net
Canadian Oil Sands Ltd., fighting a hostile takeover bid by Suncor Energy, has laid out spending plans and performance targets for next year that it says demonstrate shareholders are well-served under the status quo. Throughout the heated takeover debate, Suncor has cast COS as a risky investment as a stand-alone firm, given the likelihood of a prolonged oil price downturn.
Tags: questions
plans
oil
canadian
Canadian Pacific train derails in Wisconsin, spills oil; 2nd consecutive day with ...
2015-11-09 01:42:55| Railroads - Topix.net
Train cars lie overturned outside of Alma, Wis. after derailing on Saturday, Nov. 7, 2015.
Suncor's attempt to dismantle Canadian Oil Sands takeover defence heads to ASC
2015-11-06 15:08:16| Electronics - Topix.net
The battle between Suncor Energy Inc. and Canadian Oil Sands heads to the Alberta Securities Commission on Nov. 26. Suncor has asked the provincial regulator to dismantle one of the anti-takeover measures adopted by COS directors, so Canadian Oil Sands shareholders can decide for themselves whether to accept a deal announced on Oct. 5. Canadian Oil Sands says its board is actually attempting to defend its shareholders from a bidder with an unfair advantage because of it has access to private information about the Syncrude oil sands operations north of Fort McMurray, Alta. COS has a 37 per cent stake in Syncrude and Suncor has 12 per cent, so together they own just under half of the complex.
Tags: oil
attempt
canadian
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