14 October

Northern Trust Corp raised its stake in shares of Extraction Oil & Gas Inc (NASDAQ:XOG) by 9.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 592,338 shares of the energy company’s stock after buying an additional 50,579 […]

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14 October

The fireball from the Enbridge pipeline explosion on Oct. 9, 2019. Image: Submitted to Prince George Citizen Patience is wearing thin for the Lheidli T’enneh, one year after the Enbridge natural gas pipeline explosion forced members into a hasty evacuation. In a statement, Malcolm McPherson, the lawyer representing the First Nation in a lawsuit against […]

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14 October

Various Canadian dollars in gray pants pocket Eight more oil companies were delisted from the Toronto Stock Exchange (TSX) in September, begging the question, “What is the future of oil?” Today, the most popular energy stocks on the TSX are Cenovus Energy (TSX:CVE)(NYSE:CVE), Encana (TSX:ECA)(NYSE:ECA), and Crescent Point Energy (TSX:CPG)(NYSE:CPG). These three oil stocks still […]

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14 October

Natural gas is top of our editors’ picks of unfolding commodity trends this week, with Europe’s market responding to oversupply and solid US production giving rise to ample storage. Elsewhere, low US power prices, Germany’s latest plan to step up emissions reductions and soaring nickel prices all feature. 1. Weather forecasts cause wild ride in […]

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13 October

Summary Tourmaline announced the creation of Topaz Energy, a hybrid royalty and infrastructure company. Management’s goal is to unlock the value of some of Tourmaline’s assets. The company didn’t provide enough information to assess Topaz’s upside potential, but the transaction corresponds to a high cost of capital. Tourmaline’s ( OTCPK:TRMLF ) management seems to think […]

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12 October

Analysts expect that Earthstone Energy Inc (NYSE:ESTE) will report $39.96 million in sales for the current quarter, Zacks Investment Research reports. Six analysts have made estimates for Earthstone Energy’s earnings, with the highest sales estimate coming in at $44.80 million and the lowest estimate coming in at $35.40 million. Earthstone Energy posted sales of $46.08 […]

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12 October

An Andrew Scheer Conservative government would reopen consultations with First Nations along the defunct Northern Gateway oil pipeline route as part of a national energy-corridor strategy to access new Asian markets through deepwater ports. It’s part of the Conservative’s overarching election plan to reinvigorate investment in Canada’s energy sector, including the Alberta oilsands, that would […]

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12 October

Companies that pay a dividend have a long history of beating the market. The best performers , however, are typically companies that consistently grow their payouts. Because of that, dividend investors should focus their efforts on companies with well-defined dividend-growth plans. Three companies that offer investors an attractive yield and healthy growth prospects are Oasis […]

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12 October

The discount on Canadian heavy crude widened versus U.S. benchmark West Texas Intermediate (WTI) crude on Friday to round off a week of volatile trading: * Western Canada Select (WCS) heavy blend crude for November delivery in Hardisty, Alberta, traded at $16.35 per barrel below WTI, according to Net Energy Exchange. On Thursday November WCS […]

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12 October

** Shares of Canada-based oil and gas producer rise 11.9% to C$11.99; company top percentage gainer on the Toronto Stock Exchange’s S&P/TSX composite index ** TOU forms a private royalty and infrastructure company, Topaz Energy Corp ** It will sell its royalty and infrastructure assets for C$775 mln to Topaz ** Topaz will be capitalized […]

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