How Do You Look up the Status of Syncrude Stock?


Quick Answer

Syncrude Canada Ltd. is a crude oil production company based in Fort McMurray, Alberta, Canada, that mines the tar sands of the Athabasca Oil Sands Deposit, according to the company's official website. Syncrude is a joint venture owned by seven companies, and its stock does not trade publicly. Individuals can invest in Syncrude indirectly by investing in the publicly traded stock of its partner-owners, according to Wikipedia.

Continue Reading
Related Videos

Full Answer

The publicly traded partner-owners of Syncrude, as of January 2016, are Canadian Oil Sands Limited (COS.TO), which owns about 36 percent; Imperial Oil (IMO.A), which owns 25 percent; Suncor Energy (SU.N), which controls 12 percent; and Murphy Oil (MUR.N), which owns 5 percent of the energy company. Other partners include Nexen and Sinopec, which are divisions of the China Petroleum & Chemical Corporation; and Mocal, a subsidiary of Nippon Oil, notes Wikipedia. Stock prices are available at Reuters.com.

Canadian Oil Sands Limited stated that 98 percent of its stock price depends on the price of crude oil it produces. As of January 2016, its partner in Syncrude, Suncor, had engaged in a hostile takeover bid for the company. A successful takeover would give Suncor a 49 percent stake in Syncrude, reports the Financial Times.

Learn more about Investing

Related Questions