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The leading Canadian oil sands producer took full advantage of the downturn in oil prices.
Suncor Energy Inc. will own a majority of the Syncrude Canada oil sands mine after the Canada’s largest petroleum producer by market value bought an additional stake from Murphy Oil Corp.
Suncor Energy Inc. (SU), Canada's largest energy firm, announced that it has completed the acquisition of Canadian Oil Sands Ltd. after minority shareholders voted in favor of the takeover.