type subsidiary industry energy founded 1978 headquarters calgary key people ryan m. kubik ceo revenue 3.912 billion cad 2014 1 net income 440 million cad 2014 1 parent suncor energy website www.cdnoilsands.com canadian oil sands limited is a canadian company that generates income from its oil sands investment in the syncrude joint venture . syncrude operates an oil sands facility and produces crude oil through the mining of oil sands from ore deposits in the athabasca region of northern alberta canada . as of january 2 2007 the company holds a 36.74 % interest in syncrude which is the largest stake of any of the joint owners . contents 1 history 2 operations 3 corporate governance 4 references 5 external links history edit in 1978 syncrude produced its first barrel of oil . pancanadian petroleum now encana formed canadian oil sands trust in 1995 with a 10 % interest in syncrude . the following year gulf canada formed athabasca oil sands trust with an 11.74 % interest in syncrude . canadian oil sands trust and athabasca oil sands trust merged in 2001 continuing as canadian oil sands trust . canadian oil sands trust increased its interest in syncrude to 35.5 % in 2003 . a further purchase of a 1.25 % incremental interest brought the trust s interest in syncrude to its current level of 36.74 % . 2 other investors with a significant shareholding in syncrude are suncor energy inc. imperial oil ltd. and two major chinese oil outfits . 3 the trust is reliant on syncrude for its income while its partners have other investments . 3 in 2011 canadian oil sands trust converted from a royalty trust to a corporation becoming canadian oil sands limited . 2 in october 2015 the company was subject to a hostile takeover bid from suncor energy worth around 3.29 billion . the bid followed rejected advances earlier in the year in march and april . 4 operations edit canadian oil sand s primary business operation is through its 36.74 per cent interest in syncrude . 5 the company also holds some arctic natural gas interests through a wholly owned subsidiary canadian arctic gas limited . 6 the corporate head office is located in calgary alberta . 7 corporate governance edit canadian oil sand is a limited liability publicly traded corporation . according to the 2014 annual report of information as at february 24 2015 the members of the board of directors are ian a. bourne gerald w. grandey arthur n. korpach ryan m. kubik donald j. lowry sarah e. raiss john k. read brant g. sangster c.e. chuck shultz wesley r. twiss and john b. zaozirny q.c. . 8 references edit a b thomson reuters a b canadian oil sands corporate history a b g m 30 oct 2013 canadian oil sands again cuts syncrude s output forecast suncor energy launches 4.3 billion hostile bid for canadian oil sands . reuters . 6 october 2015 . toronto stock exchange company profile canadian oilsands limited 2011 annual information form canadian oil sands ltd . bloomberg markets . retrieved 30 november 2015 . canadian oil sands limited 2014 annual information form external links edit canadian oil sands limited official website sedar company profile companies portal retrieved from https en.wikipedia.org w index.php title canadian oil sands & oldid 708621758 categories companies based in calgaryoil companies of canada navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages deutsch fran ais edit links this page was last modified on 6 march 2016 at 16 58 . text is available under the creative commons attribution sharealike license ; additional terms may apply . by using this site you agree to the terms of use and privacy policy . wikipedia is a registered trademark of the wikimedia foundation inc. a non profit organization . privacy policy about wikipedia disclaimers contact wikipedia developers cookie statement mobile view