Syncrude stake holder sees profits plummet

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Syncrude stake holder sees profits plummet

Syncrude's largest stake holder saw it's profits dip last quarter.
Canadian Oil Sands Trust announced Thursday that fourth quarter net income fell 23 %, compared to 2008, to $96 million.
Last year the companies profit dropped to $ 432 million, compared to $1.52 billion in 2008.
Canadian Oil Sands is estimating Syncrude will produce around 315,000 barrels per day.
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Syncrude stake holder sees profits plummet

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