22:34:10 EDT Thu 18 Apr 2024
Enter Symbol
or Name
USA
CA



Canadian Oil Sands Ltd
Symbol COS
Shares Issued 484,614,224
Close 2015-09-02 C$ 6.78
Market Cap C$ 3,285,684,439
Recent Sedar Documents

Globe/CP say Cdn Oil getting Syncrude operational soon

2015-09-03 06:00 ET - In the News

Also In the News (C-CNU) CNOOC Ltd
Also In the News (C-IMO) Imperial Oil Ltd
Also In the News (C-SU) Suncor Energy Inc

The Globe and Mail reports in its Thursday, Sept. 3, edition that Canadian Oil Sands is expecting the Syncrude oil sands development north of Fort McMurray, Alta., to return to normal production rates toward the end of the month. A Canadian Press disaptch to The Globe reports that the update follows a fire over the weekend that damaged pipes, power and communication lines between two units of the Mildred Lake upgrader. Synthetic crude oil will be produced at minimal rates for the next two weeks as part of a phased recovery strategy. Synthetic crude is a light, easy-to-refine oil that is made by upgrading oil sands bitumen, explains CP. Canadian Oil Sands is expecting 2015 crude output to come in at the low end of its targeted range of between 96 million and 107 million barrels as a result of the fire, which caused no injuries. Canadian Oil Sands is the biggest partner in the Syncrude mine north of Fort McMurray, with a 37-per-cent interest. Other Syncrude owners include Imperial Oil, Suncor Energy, CNOOC, Sinopec, Murphy Oil and Mocal Energy.

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