Canadian Oil Sands Ltd, the biggest shareholder in the Syncrude oilsands project, said it has halted crude oil production after a fire damaged equipment at its Mildred Lake bitumen mining facility in northern Alberta on Saturday.
I wish I knew when the price of crude was going to go up. That would make investing a lot easier. Unfortunately, I don't think any of us can accurately predict the price of oil. And if I could, believe me, I wouldn't be telling anyone about it. Instead ...
The company with the largest stake in oilsands miner Syncrude Canada is a prime takeover target and its most likely suitor is the company with the second-largest stake, according to a research report published Monday.
Ben Nelms/BloombergCanadian Oil Sands shares have plummeted from $20 each in September 2014 to $6.50 each in the middle of last week, before the company announced a cut to its capital budget and an 86% dividend cut.