Canadian Oil Sands Trust:2009 Fourth Quarter Results
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Canadian Oil Sands Trust (TSX:COS.UN) reported cash from operating activities of $328 million for the fourth quarter of 2009 compared with cash from operating activities of $466 million ($0.97 per Unit) for the same period last year.
The press release is quoted as saying:
For the year ended December 31, 2009 cash from operating activities decreased to $547 million ($1.13 per Unit) from $2,241 million ($4.66 per Unit) in 2008. The decrease reflects the significant decline in crude oil prices in 2009 versus 2008, as well as lower production and increases in non-cash working capital, partially offset by lower Crown royalties.
Click here to access the entire press release
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