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In 2015 Suncor courted Canadian Oil Sands, the largest owner of the Syncrude project with 37% ownership (compared with Suncor's 12%), with proposals for acquisition and hostile takeover. [17] In January 2016 they reached an agreement with Suncor acquiring COS for C$6.6 billion, raising its Syncrude ownership to 49%.
Cenovus forecast a 4.4% increase in 2025 crude output, targeting 805,000 to 845,000 barrels of oil equivalent per day, primarily driven by the start-up of the Narrows Lake oil sands project.
RBC Capital analyst Greg Pardy raised the price target for Suncor Energy Inc. (TSX: SU) (NYSE: SU) to C$47 from C$42 while maintaining the Sector Perform rating on the shares. The analyst states ...
The oil sands specialist had to shut in some production because of bad weather, but oil above $65 a barrel helped prop up earnings. High Oil Prices Covered Up Production Declines in Suncor Energy's Q1
680,000 barrels per day (108,000 m 3 /d) of oil production (532,000 from oil sands and conventional oil in 2008). [ 69 ] [ 70 ] with about $30 billion in revenue, $50 billion market capitalization and immense growth coming from the oil sands as a result of rising oil prices, the new company should rival the 12th and 13th largest oil and gas ...
Western Canadian Select (WCS) is a heavy sour blend of crude oil [1] that is one of North America's largest heavy crude oil streams [2] and, historically, its cheapest. [3] It was established in December 2004 as a new heavy oil stream by EnCana (now Cenovus), Canadian Natural Resources, Petro-Canada (now Suncor) and Talisman Energy (now Repsol Oil & Gas Canada). [4]
The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here's why you should take advantage.
Pathways Alliance's major project is a potential $16.5 billion carbon capture and storage network to be constructed in northern Alberta. [4] As of May 2024, the proposed CCS network aims to capture CO2 emissions from over 20 oilsands facilities in northern Alberta and transport them via a 400-kilometer pipeline to an underground storage hub near Cold Lake.