Tale of the tape: A quick look at Suncor Energy and Canadian Oil Sands

CALGARY -- Suncor Energy and Canadian Oil Sands have tentatively agreed to a merger valued at $6.6-billion based on Friday's stock price in one of the biggest deals the oilpatch has seen in recent years.

See Full Article

Here's a quick look at the two companies:

Suncor Energy:

Founded in 1967, Suncor Energy has grown to become one of the largest energy companies in North America. At the end of 2014, it employed 13,980 people, though it has laid off about 1,200 workers since then.

Canadian Oil Sands:

The company began as the Canadian Oil Sands Trust in 1995. It has about 30 staff.

------

Suncor Energy assets:

Suncor is Canada's dominant oilsands player, producing 430,300 barrels a day in the third quarter ended Sept. 30. That doesn't include its current 12 per cent Syncrude stake, which produced 28,100 barrels a day for Suncor in that quarter. The company also has four refineries and a network of about 1,500 Petro-Canada retail and wholesale outlets. It also operates the Terra Nova offshore platform in the North Atlantic. In recent years, it has diversified into clean energy projects, with seven wind power developments and a biofuels plant in Ontario.

Canadian Oil Sands assets:

The company has a 37 per cent share in Syncrude, its sole asset.

------

Suncor Energy stock price:

Suncor's stock was trading at $29.98 on the TSX, down $1.24, just before 12 p.m. ET.

Canadian Oil Sands stock price:

Shares in COS were at $8.36 on the TSX, up $0.88, just before 12 p.m. ET.



Advertisements

Latest Economic News

  • Why do you need a pet insurance, right here, right now

    Economic 24news
    Many Canadians would consider their pets as a part of their immediate, granular, family. Although some professionals think it’s not healthy, that’s the way life is in the twenty first century; There is a steep decline in the birth rate globally, with Japan leading the pack, and pets are filling in the void.
  • Amazon to debut store without checkout in downtown Seattle

    Economic CTV News
    SEATTLE - Amazon employees have been testing it, but is the public ready for a cashier-less store? More than a year after it introduced the concept, Amazon is opening its artificial intelligence-powered Amazon Go store in downtown Seattle on Monday. Source
  • Asian stocks mixed after U.S. government shutdown

    Economic CTV News
    BEIJING - Asian stock markets were mixed Monday after global investors shrugged off the latest U.S. government shutdown. KEEPING SCORE: The Shanghai Composite Index rose 0.2 per cent to 3,495.40 while Tokyo's Nikkei 225 lost 0.2 per cent to 23,764.96. Source
  • Amazon to debut cashier-less store in downtown Seattle

    Economic CTV News
    SEATTLE -- Amazon employees have been testing it, but is the public ready for a cashier-less store? More than a year after it introduced the concept, Amazon is opening its artificial intelligence-powered Amazon Go store in downtown Seattle on Monday. Source
  • 'Archaic' liquor laws in B.C. hurt consumers, whisky distributor says

    Economic CTV News
    VANCOUVER -- An Alberta-based whisky distributor says "archaic" liquor policies in British Columbia are limiting the range of products consumers can access. Robert Carpenter with the Scotch Malt Whisky Society says B.C. bars have long skirted rules that prevent them from buying unique products at private liquor stores that aren't carried at government stores. Source
  • With a deep tech talent pool, Toronto could hit Amazon's 'sweet spot' with bid for new HQ

    Economic CBC News
    Toronto faces stiff competition in its bid to court Amazon, but some Canadian tech experts agree that among the 20 cities short-listed as potential locations for the company's second headquarters, Toronto might just hit "the sweet spot. Source
  • HBC's Lord & Taylor to lay off 200 in U.S. operations move

    Economic CTV News
    WILKES-BARRE, Pa. -- Lord & Taylor has announced that it will be laying off about 200 people at a Pennsylvania distribution centre as it moves some operations to a new location about 80 kilometres away. Source
  • Four things to watch for in the Canadian business world in the coming week

    Economic CTV News
    TORONTO -- Four things to watch for in the Canadian business world in the coming week: Time to have "the talk"? Alimentation Couche-Tard's hosts its first-ever investor day on Monday. The large convenience store chain, which operates as Circle K outside Quebec, recently said it hasn't given up hope of selling cannabis as some Western Canadian provinces turn to the private sector for over-the-counter sales. Source
  • Canadian tech CEOs disappointed Amazon won't be coming to their cities

    Economic CTV News
    CALGARY -- Tech sector entrepreneurs whose Canadian cities were snubbed by Amazon in its search for a second corporate campus say they are disappointed, despite fears they would have seen increased competition for scarce skilled talent. Source
  • Rogers sales tactics and the 'Tide pod challenge': CBC's Marketplace consumer cheat sheet

    Economic CBC News
    Miss something this week? Don't panic. CBC's Marketplace rounds up the consumer and health news you need. Want this in your inbox? Get the Marketplace newsletter every Friday. Rogers employees reveal sales pressures A number of Rogers employees have come forward about how they are coached to upsell customers. Source