New User:

Forgot your password?

Stock Market & Financial Investment News

News Breaks
February 24, 2013
17:10 EDTCNQ, SUSuncor, Canadian Natural could benefit from Keystone XL, Barron's reports
Suncor (SU) and Canadian Natural (CNQ) have not fared well due to environmental fears and an increase in U.S. oil production; however, pipelines like Keystone XL could help the stocks rise over 30%, Barron's contends. Both companies could be attractive to activist investors, the paper adds. Reference Link
News For SU;CNQ From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
October 8, 2015
15:19 EDTCNQCanadian Natural upgraded to Peer Perform from Underperform at Wolfe Research
Subscribe for More Information
09:37 EDTSUCenovus Energy could be target after Suncor went after COS, dealReporter says
Subscribe for More Information
October 7, 2015
08:09 EDTSUCanadian Oil Sands sets new shareholder rights plan
Canadian Oil Sands (COSWF) announced today that its board has adopted a new Shareholder Rights Plan, effective immediately, in response to Suncor Energy (SU) announcement on October 5 that it is making an unsolicited all-share offer to acquire all of the outstanding common shares of Canadian Oil Sands. The New Rights Plan is designed to ensure that Canadian Oil Sands' Shareholders and the Board have adequate time to consider and evaluate Suncor's offer and any other unsolicited take-over bid or other strategic alternatives. Suncor initially approached the company in March with a letter that contained no offer and provided no basis for further discussions. The board then received a non-binding expression of interest on April 9, and with the assistance of its financial and legal advisors, the board carefully reviewed that proposal; it was unanimously rejected for several reasons as not being in the best interests of the company and its Shareholders and the board advised Suncor of that decision. When the board rejected the proposal on April 16, the price implied by Suncor's proposal for the Shares was at a discount to Canadian Oil Sands' closing price of $12.96 per Share on that day. Suncor's recent offer is substantially less than the proposal rejected by the board in April.
October 5, 2015
15:21 EDTSUCanadian Oils Sands to reject Suncor bid, unlikely to engage, Reuters says
Subscribe for More Information
13:24 EDTSUCanadian Oil Sands says will review unsolicited Suncor offer
Canadian Oil Sands responded to the announcement by Suncor Energy that it is making an unsolicited offer to acquire all of the outstanding shares of Canadian Oil Sands. The board of directors of Canadian Oil Sands together with its advisors will review the Suncor offer and related take-over bid circular and will communicate a recommendation to shareholders as soon as possible, the company stated. The company had previously engaged RBC Royal Bank, as financial advisor, Osler, Hoskin & Harcourt, as legal advisor, and Kingsdale Shareholder Services, as strategic shareholder services advisor and information agent, who will now assist the board in responding. Shareholders will be promptly notified of any recommendation of the board through a news release and circular in accordance with the applicable securities law, Canadian Oil Sands said.
06:32 EDTSUSuncor commences offer for oustanding shares of COS Limited
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.
I agree to the disclaimer & terms of use