Canadian Oil Sands sees second quarter profit bump on higher crude prices (Canadian-Oil-Sands)

Canadian Oil Sands Corp., which holds the largest stake in the massive Syncrude oilsands mine north of Fort McMurray, Alta., said Tuesday its second-quarter profits rose on the back of strong oil prices.

Net income for the three months ended June 30 was $346 million, or 71 cents per share _ missing the average analyst estimate of 73 cents per share, according to Thomson Reuters.

Comments

No comments found.

{{ commodity.name }}

Contest Ranking Modal BG Contest Ranking Modal BG
Contest Ranking Title

The new Mining Power Rankings are live. Vote for the sector’s leaders in each of the Large-, Small-, and Micro-Cap leagues.

Vote Now