Canadian Oil Sands Surged Distrib Despite Lower 2Q Net

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Wed, Aug 19, 2009

Heavy Oil Market News
Post by Melissa Pistilli, Heavy Oil Senior Reporter

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

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