Canadian Oil Sands issued the following declaration that shareholders' interests are best served by remaining independent as a unique, highly valuable company when Suncor Energy hostile bid expires on January 8: Dear Fellow Shareholders, Acting together in the short term means we can remain independent for the long term. Suncor's substantially [...]
Canadian Oil Sands is mailing a letter to all shareholders advising them to reject Suncor's undervalued and opportunistic bid. It warns shareholders of Suncor's fear-mongering tactics and urges them not to succumb to Suncor's pressure tactics, knowing the value and upside of the asset they currently hold. To REJECT the Suncor bid, shareholders [...]
Canadian Oil Sands today announced Syncrude has commenced a turnaround of Coker 8-2, advancing maintenance originally scheduled for mid-2016 in order to improve coker throughput. A build-up of coke deposit within the unit led to reduced circulation, and the determination was made to shift the planned maintenance into 2015. As a result, COS has [...]
Canadian Oil Sands advises shareholders to take no action on Suncor Energy altered hostile bid, which simply extends the expiry from December 4, 2015 to January 8. "Extending the expiry of Suncor's bid does not change the fact that it is substantially undervalued and opportunistic," said Donald Lowry, Chairman of Canadian Oil Sands. "Nothing else [...]
Conference Call Scheduled for December 1 at 8:00 a.m. ET; Details Provided at End of Release CALGARY, AB--(Marketwired - December 01, 2015) - Canadian Oil Sands Ltd. (TSX: COS) (OTCQX: COSWF) Unless otherwise noted: All figures are based on Canadian Oil Sands' 36.74 per cent working interest in the Syncrude joint venture; all financial figures [...]
CALGARY, AB--(Marketwired - November 30, 2015) - Canadian Oil Sands Ltd. (TSX: COS) (OTCQX: COSWF) ASC's decision a major win for COS shareholders, levels the playing field and endorses need for protection afforded by COS' shareholder rights plan until January 4, 2016. Facts confirm Suncor's attempt to speed bid past shareholder and market [...]
CALGARY, AB--(Marketwired - November 25, 2015) - Canadian Oil Sands Ltd. (TSX: COS) (OTCQX: COSWF) ("COS") today posted on its website www.rejectsuncor.ca the documents COS has filed with the Alberta Securities Commission. Ticker Symbols Toronto Stock Exchange: COS OTCQX: COSWF Canadian Oil Sands Limited COS holds a 36.74 percent interest in the [...]
CALGARY, AB--(Marketwired - November 16, 2015) - (TSX: COS) (OTCQX: COSWF) -- Canadian Oil Sands ("COS") plans to announce its 2016 Budget on December 1, 2015 at 8:00 a.m. ET following the review and input of Syncrude Canada Ltd.'s ("Syncrude") owners on Syncrude's business plan. The budget will identify expectations for cost reductions and [...]
CALGARY, AB--(Marketwired - November 12, 2015) - Suncor's attempt to ram through its bid by challenging COS' Shareholder Rights Plan and issuing a letter to scare shareholders expose Suncor's recognition that its substantially undervalued bid is being widely rejected Suncor has underestimated the resolve of COS shareholders and their confidence in [...]
- COS will stand up for shareholders and vigorously oppose attempts by Suncor to remove the necessary protections of its Shareholder Rights Plan - Suncor's application is a smokescreen intended to obscure the weakness of its offer and its attempt to complete the bid before the market and COS shareholders have access to the same information as [...]
CALGARY, AB--(Marketwired - October 29, 2015) - 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 Ltd. (TSX: COS) (OTCQX: COSWF) ("COS") reported cash flow from operations of $82 [...]
Canadian Oil Sands Provides Revised Guidance; Conference Call Today CALGARY, AB--(Marketwired - October 19, 2015) - Canadian Oil Sands Ltd. (TSX: COS) (OTCQX: COSWF) (COS) announced today that its Board of Directors is recommending that shareholders reject the offer by Suncor Energy Inc. (Suncor) to acquire all of COS' common shares. The Board [...]
