December 1, 2015 / 11:16 AM / 2 years ago

Canadian Oil Sands sets lower 2016 capital budget

1 Min Read

Dec 1 (Reuters) - Canadian Oil Sands, the target of a hostile bid from Suncor Energy, set a 2016 capital expenditure budget of C$295 million.

Canadian Oil Sands had estimated a 2015 capital budget of C$451 million in January.

Reporting by Sneha Banerjee in Bengaluru; Editing by Kirti Pandey

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