Newspaper article The Canadian Press

Tale of the Tape: A Quick Look at Suncor Energy and Canadian Oil Sands

Newspaper article The Canadian Press

Tale of the Tape: A Quick Look at Suncor Energy and Canadian Oil Sands

Article excerpt

Quick look at Suncor Energy and COS

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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. 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.

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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. …

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