- Suncor Energy (SU -0.1%) CEO Steve Williams says his company is “slightly ahead" of the tender numbers needed to secure its C$4.3B bid for Canadian Oil Sands (OTCQX:COSWF +1.6%).
- "We’ve been seeing some of the bigger shareholders this week again, and we’re getting a very clear message that there is no support for an independent Canadian Oil Sands,” according to Williams.
- Continuing the sniping between the two sides, Williams says "all Canadian Oil Sands is offering is hope for a price recovery that the market doesn’t see coming anytime soon and operational improvements at Syncrude which there unfortunately is simply no evidence."
- Major COSWF shareholder Seymour Schulich says he is not selling at the current offer price, and that 28% of shareholders are against the deal; Williams is "quite confident" that there is no such substantial figure aligned with Schulich.
- Earlier: Suncor not ruling out raising bid for Canadian Oil Sands, CEO says (Jan. 4)