Canadian Natural Resources Limited announces the acquisition of Chevron’s Alberta assets and a 7% dividend increase
October 7, 2024
Oil and Gas 360
Canadian company ships solid oil sands bitumen to Chinese refinery
September 26, 2019
Source: Reuters A Canadian company has loaded a test cargo of solid bitumen onto a vessel destined for a refinery in China, the latest effort by the energy industry to avoid congested export pipelines and find new ways to export more oil sands crude. Calgary, Alberta-based Melius Energy loaded 130 barrels of neat bitumen, similar in consistency to a hockey
First Nations Complete Purchase of 49% Interest in Suncor’s East Tank Farm Development
November 22, 2017
Suncor Energy Inc. (NYSE: SU), Fort McKay First Nation (FMFN), and Mikisew Cree First Nation (MCFN) announced today the completion of the acquisition by FMFN and MCFN of a 49% partnership in Suncor’s East Tank Farm Development for total proceeds of $503 million. Fort McKay First Nation is composed of over 800 band members with approximately 400 members residing in
Marathon Jumps into the Permian with 70,000-Acre Acquisition, Sells Canadian Oil Sands Interest
March 9, 2017
Marathon enters Permian for $13,900 per acre; exits oil sands with $2.5 billion cash sale to Shell and Canadian Natural Resources Marathon Oil (ticker: MRO) has agreed to acquire approximately 70,000 net surface acres in the Permian basin from BC Operating, Inc. and other entities for $1.1 billion in cash. The acquisition includes 51,500 acres in the Northern Delaware basin of
US$4.5 Billion Deal Reached: Suncor to Acquire Canadian Oil Sands
January 18, 2016
SU, COS Come to Terms on Sweetened Offer After months of posturing and wrestling for shareholder approval, the boards of Suncor (ticker: SU) and Canadian Oil Sands (ticker: COS) have reached a merger agreement. The joint announcement, released on January 18, 2015, includes a sweetened transaction value of CN$6.6 billion (about US$4.5 billion) for COS, inclusive of an estimated CN$2.4
Canadian Oil Sands Fends off Suncor’s Hostile Bid… For Now
January 11, 2016
Suncor Extends Expiration Date after Unsuccessful Initial Attempt Canadian Oil Sands (ticker: COS) gets its wish to remain an independent company – at least for the time being. The hostile takeover attempt by Suncor (ticker: SU) failed to achieve the required approval of two-thirds of COS shareholders, as the deadline passed on January 8, 2016. The major integrated oil company,
Suncor vs. Canadian Oil Sands: As Deadline Approaches, War of Words Heats Up
December 29, 2015
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
Canadian Oil Sands Highlights Cost Efficiencies, Defends Strategy Behind Suncor Takeover Bid
December 2, 2015
CEO Kubik: An independent COS offers more upside to shareholders (Editor’s note: all figures in Canadian dollars) On December 1, 2015, Canadian Oil Sands (ticker: COS) issued a press release with an accompanying conference call detailing its 2016 budget and what it described as a “new era of lower cost operations.” The timing comes as no coincidence, as Suncor’s $6.6
Canadian Oil Sands Reports Over $1 Billion of Cost Savings Achieved at Syncrude Year to Date
October 29, 2015
CALGARY, AB — (Marketwired) — 10/29/15 — All financial figures are unaudited, have been prepared in accordance with Canadian Generally Accepted Accounting Principles (“GAAP”) and are reported in Canadian dollars, unless otherwise noted. Canadian Oil Sands Limited (TSX: COS)(OTCQX: COSWF) (“COS”) reported cash flow from operations of $82 million, or $0.17 per Share, in the third quarter, reflecting a 41
UPDATE: Canadian Oil Sands Board Rejects Suncor’s $5 Billion Hostile Takeover Attempt
October 7, 2015
COS Counters SU Offer by Adopting Shareholder Rights Plan The board of Canadian Oil Sands (ticker: COS) turned down a $5 billion offer from Suncor (ticker: SU) two days after its initial proposal, offering a shareholder rights program and providing additional insight into negotiations between the two oil sands companies. The shareholder program is being referred to as a “poison
Normal Operations Resumed at Syncrude
October 2, 2015
CALGARY, AB–(Marketwired – October 02, 2015) – Canadian Oil Sands (“COS”) (TSX: COS) (OTCQX: COSWF) today announces that normal operations at Syncrude have resumed following the August 29 process fire. Actual production rates continue to be provided with the monthly production posting on COS’ website. Canadian Oil Sands Limited COS holds a 36.74 percent interest in the Syncrude project, the
Canadian Oil Sands Limited – Day Three Breakout Notes
August 19, 2015
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
