This is the very reasonSuncor or IMO will buy COS, because the price is too low not to be a target.
mottlyfool:
Canadian Oil Sands is not interested
Most importantly, Canadian Oil Sands CEO recently stated that selling is not on their minds, and it’s questionable if investors would support such a move either. Canadian Oil Sands investors see the company as a pure play on oil prices, as well as a source of income, and with WTI prices up 40% since mid-March, the company is set to generate positive free cash flow even after dividends are factored in. Should oil prices stay where they are or recover, it is unlikely Canadian Oil Sands management or investors would favour a takeover.