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BRIEF-Canadian Oil Sands posts Q3 loss per share C$0.36

Published 2015-10-29, 04:15 p/m
© Reuters.  BRIEF-Canadian Oil Sands posts Q3 loss per share C$0.36
COS
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Oct 29 (Reuters) - Canadian Oil Sands Ltd COS.TO :
* Reports over $1 billion of cost savings achieved at syncrude year to date
* Says revised its syncrude production range to between 92 and 97 million
barrels for 2015
* Qtrly sales volumes averaged 86,687 barrels per day relative to the 87,787
barrels per day recorded in Q3 2014
* Quarterly loss per share C$0.36
* Says syncrude is now targeting cost reductions of $1.3 billion ($488 million
net to cos) in 2015
* Says for third quarter of 2015, syncrude produced 21.6 million barrels, or
234,500 barrels per day
* Says cos board of directors has reviewed the suncor energy inc. bid with its
external financial and legal advisors
* Cos board has determined that the suncor bid "substantially undervalues cos"

* Source text for Eikon urn:newsml:reuters.com:*:nMKWMmT6Qa
* Further company coverage COS.TO

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