Each week, XI Technologies scans its unique combination of enhanced industry data to provide trends and insights that have value for professionals doing business in the WCSB. If you’d like to receive our Wednesday Word to the Wise in your inbox, subscribe here . A lot of the conversation around liabilities in the oil and […]
Read More(Bloomberg) — The oil and gas producer formerly known as Encana Corp. has completed its corporate overhaul with a new domicile and a new name. It has yet another hurdle to cross. Now based in Denver, Ovintiv Inc. will update investors Wednesday on its progress for the shale oil assets in Oklahoma it amassed after […]
Read MoreCanadian Dollar, Crude Oil, Wuhan Virus, S&P 500 – Asia Pacific Market Open Canadian Dollar Rallies with Crude Oil Prices as Sentiment Recovers The Canadian Dollar was the best-performing major currency on Tuesday as a turnaround in market mood fueled sentiment-linked crude oil prices. The S&P 500 experienced its best day since mid-October, rising about […]
Read MoreAfter soaring to a multi-year high on heightened tensions between Iran and the U.S., which saw energy markets fearful of war and Middle East supply disruptions, crude has plunged to see the international Brent benchmark trading at under US$60 per barrel. This has had a sharp impact on energy stocks, causing many to soften in […]
Read MoreEnvironment Minister Jonathan Wilkinson said cabinet has not yet decided whether to green light the proposed $20 billion Teck Frontier mine (illustrated here), north of Fort McMurray. Image: Teck Resources Limited Environment Minister Jonathan Wilkinson says cabinet’s decision on a massive new oilsands mine in Alberta will take into consideration what the province is doing […]
Read MoreDarren Woods, Chairman & CEO, Exxon Mobil Corporation attends a news conference at the NYSE HOUSTON (Reuters) – At Exxon Mobil Corp <XOM.N>, CEO Darren Woods’ plan to revive earnings at the largest U.S. oil and gas company is being sidetracked by the two businesses he knows best: chemicals and refining. Another year of poor […]
Read MoreIn October, Alberta released a budget plan that called for $12.2 billion to be raised in the long-term debt markets for the fiscal year ended March 31 — of which $5.5 billion was remaining as of Tuesday. Alberta said it’s reducing its borrowing target for the current fiscal year as credit spreads widen and coronavirus […]
Read MoreAlberta said it’s reducing its borrowing target for the current fiscal year as credit spreads widen and coronavirus concerns batter oil prices, a key revenue source for the Western Canadian province. “Our current cash flow forecasts suggest that less financing will be required than what was previously forecast, due in part to actions taken by […]
Read MoreThe new Alberta Indigenous Opportunities Corp. plans to allocate up to $1 billion in support, such as loan guarantees, to qualified First Nations seeking an equity position in major resource projects. Image: Alberta government Alberta’s premier says Prime Minister Justin Trudeau needs to move swiftly to approve the Teck Frontier oilsands mine north of Fort […]
Read MoreBP plc’s outgoing chief executive officer Bob Dudley warned this week that moving too fast on investing in new technologies to counter climate change could lead to financial ruin. Image: Thunderbird School of Global Management. BP plc’s outgoing chief executive officer Bob Dudley warned Big Oil of moving too fast on investing in new technologies […]
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