Canadian Oil Sands is a pure investment opportunity in light, sweet crude oil. Through our 36.74% interest in the Syncrude project, we offer a solid, robust production stream of fully upgraded crude oil, exposure to future crude oil prices, potential growth through high-quality oil sands leases... More
Wednesday, Jul 318:38 AMCanadian Oil Sands misses EPS estimates, CEO Coutu retires
Wednesday, Jul 318:38 AM| Comment!
- Canadian Oil Sands (COSWF.OB), the largest partner in the Syncrude Canada oil sands mine, posts Q2 earnings that missed expectations and announces the retirement of CEO Marcel Coutu.
- Q2 EPS was $0.45 vs. $0.53 consensus but more than double the $0.21 from a year ago; sales were $921M, up from $740M.
- Reduces 2013 production outlook for the second time this year, to 100M-104M barrels.
- Coutu has been at the helm of Syncrude since Aug. 2001.
- View all 3 replies
sstonerm3:: MovA, I added to my COSWF last October under $21. Getting close to time to get some more me thinks.
MovingAvg:: DaLatin ... Ugh