Tags » Imperial Oil Ltd

Suncor expects Canadian Oil Sands bid rejection as first reaction

Suncor Energy chief executive Steve Williams expects Canadian Oil Sands Ltd. to reject its $4.3-billion hostile takeover, while Canada’s largest oil producer strives to convince shareholders of the merits of the deal. 409 more words


Ewart: Suncor doubles down on oilsands with hostile bid for Canadian Oil Sands

In the wake of an unsolicited takeover bid from Suncor Energy, Canadian Oil Sands could use a white knight.

What it could use is a company like its former self — Canadian Oil Sands Trust — which came to the rescue of Canada Southern Petroleum back in 2006 by trumping a hostile takeover attempt by Petro-Canada. 734 more words


Canadian Oil Sands stock leaps on blockbuster $6.6B hostile takeover bid

The price of Canadian Oil Sands Ltd. stock jumped by 55 per cent Monday as shareholders bet on a bidding war after a much-anticipated $6.6-billion blockbuster takeover offer by Suncor Energy Inc. 835 more words


Imperial Oil Ltd cuts spending on existing projects as supplier costs drop

Imperial Oil Ltd. has been able to lower the amount of capital reinvestment needed to sustain the business to about $1.2 billion a year from $2 billion a year ago, helped by shrinking supplier costs. 162 more words


Coming to Edmonton's Whyte Avenue: Rentals, retail, restaurant, office space all in one

A long vacant, fenced-in lot on Whyte Avenue is set to transform into a six-storey mixed-use project with retail and office space topped by luxury rental apartments. 572 more words

Local Business

Fast ramp-up at Kearl expansion spurs Imperial production beat

Outstanding performance at its $9-billion Kearl oilsands mine expansion allowed Imperial Oil Ltd. to blow through analyst expectations in the second quarter while low oil prices gutted its headline net profit. 617 more words


Forecast calls for 'muted' growth in oilsands production

Production from Northern Alberta’s oilsands industry will continue to grow strongly through 2020 but at a slower rate than forecast a year ago because of low commodity prices, according to a report by RBC Dominion Securities. 474 more words