Even with oil priced below $50 per barrel, Canadian Oil Sands, a target of a takeover bid, said it will be able to stay in the black under a 2016 budget plan The company, a majority stakeholder in the giant Syncrude oil sands production facility in Alberta, said it aims to produce at least 35 million barrels of oil next year, about 10 percent higher than the full-year estimate for 2015. Capital expenses are estimated at $220 million. “Even under a $45 per barrel oil price assumption, the company can fully fund all costs, including capital expenditures and the current dividend,” it said in a statement. “Canadian Oil Sands Ltd. offers one of the best ways […]