The Successful Investor Hotline – Friday, January 22, 2016

Article Excerpt

PLEASE NOTE: Today, Pat McKeough revealed his Top 3 Aggressive Stocks of the Year in Stock Pickers Digest. You can still be among the first to see these picks and act on his recommendations. And you can save on a full year of Pat’s top stock recommendations in Stock Pickers Digeststarting with a 30-day free trial. Choose your best price now SUNCOR ENERGY INC., $31.33, Toronto symbol SU, has agreed to acquire Canadian Oil Sands (Toronto symbol COS) in a friendly all-stock transaction. Under the deal, Canadian Oil Sands investors will get 0.28 of a Suncor share for each share they own, up from 0.25 under Suncor’s previous offer. The agreement also requires 51% of shareholders to tender their holdings, down from two-thirds. The new offer expires on February 5, 2016. Canadian Oil Sands’ biggest asset is a 36.74% stake in the Syncrude oil sands development near Fort McMurray, Alberta. Suncor already owns 12.0% of Syncrude, so buying Canadian Oil Sands would essentially give it…