CALGARY, AB--(Marketwired - October 05, 2015) - (TSX: COS) (OTCQX: COSWF) Canadian Oil Sands Limited today responded to the announcement by Suncor Energy (Suncor) that it is making an unsolicited offer to acquire all of the outstanding shares of Canadian Oil Sands. The Board of Directors of Canadian Oil Sands together with its advisors will review the Suncor offer and related take-over bid circular and will communicate a recommendation to shareholders as soon as possible. The Company had [Read more]
Headlines
Suncor Energy commences offer for outstanding shares of Canadian Oil Sands Limited
CALGARY, ALBERTA--(Marketwired - Oct. 5, 2015) - Suncor Energy Inc. ("Suncor") today announced that it has formally commenced an unsolicited offer (the "Offer") to Canadian Oil Sands Limited ("COS" TSX Symbol "COS") shareholders to acquire all of the outstanding shares of COS for total consideration of approximately $4.3 billion. Under the terms of the Offer, each COS shareholder will receive consideration of 0.25 of a Suncor share per COS share. Including COS' estimated outstanding net debt of [Read more]
Northern Spirit Resources Inc. Issues Reminder of Expiry of Rights, Announces Approval of Resolutions at Special Meeting, and Provides an Update on Share Consolidation and Name Change
CALGARY, ALBERTA--(Marketwired - Oct. 5, 2015) - Northern Spirit Resources Inc. (TSX VENTURE:NS) Northern Spirit Resources Inc. ("Northern Spirit" or the "Corporation") (TSX VENTURE:NS) is providing a reminder that the rights (the "Rights") issued by the Corporation under its rights offering announced on August 26, 2015 expire at 4:00 p.m. (Calgary time) on October 8, 2015 (the "Expiry Date"). Every nine Rights will entitle the holder to purchase one common share of the [Read more]
Petromin Participates in the Completion of Opening a New Zone at Gilby
VANCOUVER, Oct. 5, 2015 /CNW/ - Petromin Resources Ltd is pleased to announce that it has elected to participate in the completion of the MIDDLE ELLERSIE ZONE in the 11-35-39-28W4M well located in the Joffre field. Upon completion, the well will be placed on production through the existing surface equipment and gas gathering and plant system. Petromin retains a 16.667% working interest in the section including an adjacent gas and oil well in LSD1-35-39-28W4M. Vesta Energy Ltd. will [Read more]
Making light of oil plight: cheeky references to downturn abound in Calgary
CALGARY - Calgarians' moods may have been dragged down with the price of oil, but that doesn't mean they can't get into shape, find love or — at the very least — enjoy a glass or three of wine.Some businesses in the white-collar heart of the oilpatch have been tapping into the economic malaise with cheeky references to oil price downturn in their marketing.The Lagree fitness studio that recently opened in a posh southwest Calgary neighbourhood recently promoted a "Damn the Barrel" sale, offering [Read more]
Police say data supports chief’s suggestion crime spike is linked to oil plunge
EDMONTON - Edmonton's police force is defending its chief with data in support of suggestions he made that out-of-work oilpatch workers could be to blame for the city's recent rise in crime.The Edmonton Police Service released tables and charts on Sunday that it claims show monthly crime statistics in Edmonton climbing over the past 12 months as oil prices drop to record lows.A news release that accompanied the information says the data was provided in response to a request from Melissa Blake, [Read more]
CBC senior business correspondent shows lack of basic understanding of crude oil markets
Constructive dialogue is a necessary component for any discussion taking place on important issues. Be it the economy, an election, or foreign affairs: each warrants informed discussion at both the local and national level. The same can be said about Canada's energy sector. With the oil and gas industry being such a fundamental player to the overall Canadian economy, the importance of said dialogue cannot be understated. That said, it should come as no surprise that the key to constructive [Read more]
Normal Operations Resumed at Syncrude
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 largest producer of light, sweet synthetic oil from Canada's oil sands. As a pure play in Syncrude, [Read more]
Two proposed LNG projects on Vancouver Island get nod for export licences
VICTORIA - A Vancouver Island First Nation exploring the potential of locating a liquefied natural gas export plant on its treaty lands expects a lucrative future financial offer to be part of the negotiations.Chief Robert Dennis of the Huu-ay-ayt First Nation near Port Alberni did not specify a financial amount, but said Friday the recent $1.1-billion offer to a northwest B.C. First Nation to support a proposed LNG project near Prince Rupert sets the stage for LNG talks.Vancouver-based [Read more]
Oil industry touts technology investment in submission to Alberta climate panel
CALGARY - The oil and gas industry wants investment in emissions-busting technology to play a big role in Alberta's climate change strategy.The Canadian Association of Petroleum Producers has made its submission to the five-member panel working on a broad plan to reduce the province's greenhouse gas emissions."If we want to find the balance between increasing investment and production of energy here in Alberta and more responsible performance on the climate side, it'll be technology that bridges [Read more]