Suncor expects oil to stay below $40 this year.
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Drawn-out takeover battle ends with a deal.
The hostile all-stock bid was to expire on Friday evening.
"I wouldn't use the word disappointing because a lot of analysts are already expecting the worst."
In a letter to shareholders, Canadian Oil Sands calls the Suncor bid undervalued, opportunistic and exploitative.
CALGARY — Canadian Oil Sands Ltd. (TSX:COS) has adopted a new shareholder rights plan — often referred to as a poison pill defence — following a hostile takeover bid from Suncor Energy. When a poison...
CALGARY -- Suncor Energy is making a bid to acquire Canadian Oil Sands Ltd., the largest partner in Syncrude. Calgary-based company (TSX:SU) says it's offering Suncor shares worth about $4.3 billion (...
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An analyst says Canadian Oil Sands is at risk of missing its production targets because of a fire at a Syncrude oilsands plant over the weekend.
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CALGARY - With oil prices drifting closer to US$50, energy executives in downtown Calgary are trying to stay positive.Apart from the crude drop and stock hit, "everything's working pretty well" at Cen...
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WASHINGTON D.C., - The multimillion-dollar campaign to market Canadian oil in the U.S. was hard to miss.The Maple Leaf was plastered on the walls of subway stops in Washington, D.C., and it popped up...
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The typical young Canadian professional's engagement with the oilsands is like this: You pull your smart phone out and skim through your social media feed. You see post after post about the Canadian oilsands and its negative impact on the environment. You see countless re-posts about celebrities like Leonardo DiCaprio protesting Canada's poor environmental standards. After a quick read you "like" the post or possibly share it with a short comment to the effect of "This needs to change!" You lock your smart phone and head out the door with a new sense of accomplishment, thinking to yourself "I just effectively contributed to the debate on the oilsands." But what exactly did you really accomplish?
Canadian oilsands production made an economic contribution to the country in 2012 that was far greater than the entire province of Saskatchewan, a new study has found. As well, the oilsands will accou...
EDMONTON - Ottawa and Alberta have reached a deal outlining how a long-promised environmental monitoring agency for the oilsands will be run."The signatures are in place," said Wayne Wood of Alberta E...
The federal government has reached "a level of discomfort" with foreign investment by state-owned enterprises in Canada's energy sector. That's the message Canada's Industry Minister is emphasizing...