Oil Investing News » Canadian Oil Sands Trust has surged distrib despite lower 2Q

Canadian Oil Sands Trust has surged distrib despite lower 2Q

July 27, 2009 @ 11:49 pm In Oil Company News

Canadian Oil Sands Trust has posted significantly lower second-quarter earnings, hurt by lower crude oil prices and lower output in the quarter, but raised its distribution on confidence in Syncrude operations, strengthening crude oil prices and an improved liquidity position.

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