Current COS:CA Stock Info

January 8 Deadline Looms in Suncor’s Hostile Takeover Attempt
Ernst & Young is one of many analyst firms expecting energy-related divestitures and stock-for-stock deals to rise in 2016, and one of the year’s first deals could involve Canadian Oil Sands (ticker: COS) and Suncor (ticker: SU). But if Canadian Oil Sands gets its wish, the potential merger will be nothing more than a failed attempt.
Less than Two Weeks Away
Suncor has been in pursuit of COS since March 2015, but buyout offers aimed at the Canadian Oil Sands board of directors...

Canadian Oil Sands Relationship with Suncor

Canadian Oil Sands and Suncor are two of seven companies involved in the Syncrude oil sands project of Alberta. Syncrude’s output is massive – average 2015 production to date is nearly 250 MBOPD, making it the largest oil sands project in Canada. COS’ interest of 37% gives it the largest stake, while Suncor owns 12%. However, COS’ lone assets are in the Syncrude venture, while Suncor is the fifth largest energy company in North America.  


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