December 2, 2015 Canadian Oil Sands to stay in the black even if crude prices keep falling The company, currently the target of a $4.3 billion takeover bid by Suncor, unveiled a pared-back capital budget that cuts spending by 20% year-over-year to $295 million in 2016.
November 30, 2015 Canadian Oil Sands granted one more month to fend off Suncor’s hostile bid The poison pill provision must expire by Monday, Jan. 4, 2016.
November 18, 2015 Suncor cuts oil sands output for 2016 Canada's dominant oil sands player, however, plans to spend about $900 million more next year.
November 12, 2015 Canadian Oil Sands accuses Suncor of paying brokers to win takeover bid Suncor, Canada's dominant oil sands player, telling COS shareholders the firm has a record of “underperformance, financial challenges,” and vulnerability to low oil prices.
November 6, 2015 Regulator to weigh on Suncor attempts to take over Canadian Oil Sands Suncor steeped up its hostile Cdn$4.3bn bid for COS by asking the Alberta Securities Commission to strike down the target’s rights plan to prevent a takeover.
October 19, 2015 Canadian Oil Sands asks shareholders to reject Suncor’s $3.3 billion hostile bid The company said Suncor Energy’s hostile takeover offer was "undervalued, opportunistic and exploitive."
October 8, 2015 Suncor calls Canadian Oil Sands’ poison pill ‘inappropriate’ "Disappointed but not surprised"
October 5, 2015 Suncor launches $4.3 billion bid for Canadian Oil Sands Canadian Oil Sands has been labouring under low oil prices.
September 8, 2015 Canadian regulator lets Nexen reopen 40 utility pipelines at Long Lake The remaining 55 pipelines affected by a suspension order must stay closed until the company can demonstrate they're safe.
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