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Suncor hopes to raise bid for Canadian Oil Sands -WSJ

2016-01-18 06:17:32| Oil & Gas - Topix.net

Jan 17 Suncor Energy Inc is working to raise its all-stock offer for rival Canadian Oil Sands Ltd and a deal could be announced as early as Monday, the Wall Street Journal said, citing a source familiar with the situation. The two Canadian companies have been working on a revised bid since Friday, the Wall Street Journal said on Sunday, citing the source, who said talks were still ongoing.

Tags: oil bid canadian raise

 

Fatal explosion shuts Nexen Energy oil sands facility in Alberta

2016-01-16 08:33:17| Oil & Gas - Topix.net

One person was killed and another was critically injured following an explosion today at Nexen Energy's Long Lake oil sands facility near Fort McMurray, Alberta. The unit of China's Cnooc says emergency response personnel are on site and regulators were notified; the cause of the explosion is not yet known.

Tags: energy oil facility alberta

 
 

Fatal explosion shuts Nexen Energy oil sands facility in Alberta

2016-01-16 06:52:50| Energy - Topix.net

One person was killed and another was critically injured following an explosion today at Nexen Energy's Long Lake oil sands facility near Fort McMurray, Alberta. The unit of China's Cnooc says emergency response personnel are on site and regulators were notified; the cause of the explosion is not yet known.

Tags: energy oil facility alberta

 

Canadian Oil Sands claims victory, calls for Suncor to disclose details to public

2016-01-11 14:12:19| Oil & Gas - Topix.net

Canadian Oil Sands Ltd. is calling on Suncor Energy Inc. to disclose details of how shareholders reacted to its $4.3-billion hostile takeover bid for COS before a Jan. 8 deadline was extended by nearly three weeks. The Calgary-based company claims it won a resounding victory last week, which ended with Suncor extending the deadline for its all-stock offer to Jan. 27 - but without changing what's on the table.

Tags: to details public claims

 

Canadian Oil Sands repeats call to remain independent despite Suncor bid

2016-01-04 14:49:52| Oil & Gas - Topix.net

Canadian Oil Sands is continuing its efforts to fend off a hostile takeover by Suncor, telling shareholders again Monday that their interests will be "best served" in the long run if the company remains independent. The Calgary-based company noted that Suncor has given Canadian Oil Sands shareholders until Friday to accept its all-stock offer and advises them to hold onto their shares.

Tags: call independent remain oil

 

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