On Monday Suncor Energy Inc. moved to extend its already substantial vicinity in Canada’s oil sands with a 4.3 billion Canadian dollar ($3.3 billion) antagonistic offer for Canadian Oil Sands Ltd., the largest proprietor of the Syncrude mining consortium. The all-stock offer by Canada’s largest oil and gas company speaks to a 43% premium in view of Canadian Oil Sands’ end stock price Friday. It is additionally a wager by Suncor to twofold down on its oil sands business during a period when oil prices have drooped to 6 year lows and feedback about the industry’s ecological effect has obstructed…
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