Canadian Oil Sands Trust
General Information

Also see

Canadian Oil Trusts
Canadian Oil Sands Trust
Canadian Oil Stocks
Canadian Income Trust Funds (List) (A list of Canadian Oil Trusts)

Canadian Oil Sands Trust is an open-ended investment trust that generates income from its 35.49% working interest in the Syncrude Joint Venture. Canadian Oil Sands Trust is the largest pure-play investment opportunity in the Alberta Oil Sands, a vast resource that rivals the oil reserves of Saudi Arabia. Managed by Canadian Oil Sands Limited, the Trust currently has approximately 92.1 million units outstanding, which trade on the Toronto Stock Exchange under the symbol COS.UN.

Formerly known as Athabasca Oil Sands Trust, the investment trust held 23% of Syncrude in 2002, and in 2003 acquired EnCana's 13% stake in the oil sands project. The acquisition, in addition to making the company the largest shareholder in Syncrude (in which Imperial Oil and Petro-Canada also hold significant minority stakes) boosted Canadian Oil Sands' share of Syncrude's oil production to 74,000 barrels a day.