Inform
Suncor makes a move for Canadian Oil Sands
This report is currently unavailable
Report summary
On 5 October 2015, Suncor Energy announced an unsolicited takeover offer for Canadian Oil Sands with an all-share proposal. The purchasing price equates to Cdn$8.84 per share, representing a 43% premium to last Friday’s undisturbed price. The proposed offer values the company at Cdn$6.6 billion, including Cdn$2.3 billion of net debt. If the transaction completes, Suncor would consolidate its existing 12% stake in the Syncrude project to 48.74%, becoming a majority shareholder in three out of the six oil sands mining projects in Canada. The outlook for Canadian Oil Sands, meanwhile, looks finely balanced but we do not believe it is in immediate financial distress.
Table of contents
- No table of contents specified
Tables and charts
No table or charts specified
What's included
This report contains:
Other reports you may be interested in
26 July 2018
Suncor Energy corporate - reported results analysis
Company Report
Suncor Energy corporate - reported results analysis
Improved production and solid financials were key highlights of Suncor's Q3 2017 results.
$75030 November 2016
Trudeau paves way for Canadian oil exports to Asia
Inform
Trudeau paves way for Canadian oil exports to Asia
Canadian government approved two new pipelines, one of which would opens the door Canadian oil exports to Asia-Pacific
$45003 August 2017
Canada's Oil Sands: business as usual in Q2 2017
Insight
Canada's Oil Sands: business as usual in Q2 2017
A review of oil sands production and performance for Q2 2017. An examination of macro level pricing trends is also included.
$1,350
