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Siren Fisekci, Vice President of Investor and Corporate Relations, and Philip Birkby, Treasurer, of Canadian Oil Sands Limited (TSX: COS), presented today at EnerCom’s The Oil & Gas Conference® 20.

Canadian Oil Sands holds a 36.74% interest in the Syncrude project, the largest producer of light, sweet synthetic oil from Canada’s oil sands. As a pure play in Syncrude, Canadian Oil Sands provides investors with long-life, light crude oil exposure and since 2001 has paid dividends totaling $7.8 billion.

During the company’s breakout session, management was asked the following questions:

  • In terms of total costs, which of your costs would flex up if oil prices increased?
  • At what oil price threshold would your taxes increase?
  • Other than taxes and royalties, would any of your costs change with an oil price increase?
  • How should we think about the price per barrel you receive compared to WTI?
  • Would that discount to WTI change significantly with a change in WTI prices?
  • What are your plans in terms of production growth and capital growth?
  • What will annual CAPEX look like?
  • Will COS be affected by the provincial royalty review?
  • Is there room to move upgrading costs down if oil prices remain lower, longer?
  • Can you tell us how ExxonMobil’s personnel fit into upper management?
  • How is ExxonMobil using its expertise with refineries at your upgrader?
  • How have natural gas prices affected your operating costs?
  • Do you expect any changes to your borrowing base?
  • What’s the long-term philosophy on dividends?
  • What made COS tap so much of its credit in Q1’15?
  • Have you thought about how you will stay afloat if low prices persist?
  • Is there any more room to bring down maintenance CAPEX?
  • Could you talk about how you can access more international markets?
  • How are Canadian companies staying in business without upgrading their production?
  • What does it cost you to upgrade your oil on a BOE basis?
  • Could you explain some of the benefits between mining and SAGD?
  • What do your costs associated with environmental regulations look like?

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