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Tag Archives: Suncor

Renewed oil price rout makes Suncor Energy’s hostile takeover bid for Canadian Oil Sands difficult to predict

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CALGARY – The renewed fall in oil prices is making it difficult to predict the outcome of Suncor Energy Inc.’s hostile takeover offer for Canadian Oil Sands Ltd. “The change in the oil price makes this an interesting poll to call,” Brendan Wood International managing director Jordan Novak said in …

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Suncor attacks Canadian Oil Sands leadership as having ’almost no skin in the game’

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CALGARY — Suncor Energy’s latest appeal to Canadian Oil Sands shareholders attacks the leadership of the reluctant takeover target for having ‘almost no skin in the game.’ Suncor CEO Steve Williams says COS directors and executives own less than 0.1 per cent of the company’s shares. He says if COS …

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Moody’s places Suncor, Husky and other Canadian energy players on review for downgrade

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CALGARY – The continued oil price rout has caused ratings agency Moody’s Investors Service to review the credit of seven Canadian oil and gas companies, possibly downgrading their debt. The companies with debts placed under review for downgrade Wednesday include some of the largest energy players in Calgary: Suncor Energy …

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Suncor and CP Rail’s takeover bids get exotic

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It’s a rare week in Canada when two terms — contingent value rights, or CVR, and warrants – become part of the public lexicon as two high-profile takeovers are being discussed. It was such a week: In a bid to win the hearts and minds of the board of Norfolk …

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Suncor Energy Inc’s bid for Canadian Oil Sands Ltd pits CEO’s pledge to deliver against poor record

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As Canadian Oil Sands Ltd. tries to fend off Suncor Energy Inc.’s $4.33 billion bid, the latest upset at its only business couldn’t have come at a worse time. Billionaire investor Seymour Shulich says he would support a sweetened offer for Canadian Oil Sands The most outspoken opponent of Suncor …

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Suncor Energy Inc to weigh options over weekend if it doesn’t win over enough Canadian Oil Sands Ltd shareholders

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With Suncor Energy Inc.’s all-share offer for Canadian Oil Sands Ltd. set to expire Friday evening, Suncor CEO Steve Williams and his advisors will likely huddle over the weekend to plot their next move. Suncor’s $4.13B hostile takeover of Canadian Oil Sands teeters as Friday deadline looms Suncor’s takeover of …

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Suncor Energy Inc’s $4.13B hostile takeover of Canadian Oil Sands Ltd teeters as Friday deadline looms

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Suncor Energy Inc.’s $4.13 billion takeover of Canadian Oil Sands Ltd. looks far from certain, with the target’s share price trading at a record gap to the bid just a day before expiring. Where did the potential buyers of Canadian Oil Sands disappear to? At a hearing before the Alberta …

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Does Suncor have an ‘obligation’ to release results of its offer for Canadian Oil Sands?

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On the first day of trading after Suncor failed to receive enough shareholder support for its bid to take over Canadian Oil Sands, the hunted turned hunter: COS says Suncor has an “obligation to disclose material facts” on its bid. In particular, COS wants to know how many shareholders tendered …

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Suncor, Cenovus launch $100 million cleantech fund

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The oilsands is tapping Silicon Valley talent to tackle some of its biggest environmental challenges. Oilsands companies Suncor Energy Inc. and Cenovus Energy Inc. are set to launch a $100 million Evok Innovations fund in Vancouver Thursday in collaboration with BC Cleantech CEO Alliance. U.S. technology entrepreneur Marty Reed will …

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Suncor Energy wins 73% Canadian Oil Sands shares, declaring takeover a done deal

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CALGARY — Suncor Energy has announced that nearly 73 per cent of Canadian Oil Sands shares and accompanying rights have been tendered to Suncor’s offer. Suncor officials said that as a result, the company will be able to ensure that a subsequent acquisition transaction will be completed and Suncor (TSX:SU) …

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