27 November

Summary Q3 earnings show the company profited from its exposure to oil prices. But with the recent drop of oil prices, I estimate the company needs prices above C$55/boe to […]

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27 November

The spread is widening between Western Canadian Select (WCS) heavy oil and benchmark West Texas Intermediate crude. This week, Alberta premier Rachel Notley sounded the alarm on the “clear and […]

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27 November

Oil’s latest price collapse sees the North American benchmark West Texas Intermediate (WTI) trading at around US$52 a barrel, well below the multi-year high of over US$76 per barrel reached […]

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27 November

Canada’s main stock index rose at open on Monday, as energy shares gained after oil prices bounced back. The Toronto Stock Exchange’s S&P/TSX Composite index was up 56.31 points, or […]

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27 November

For months, much of the focus on Alberta’s oil-price woes has centred on Western Canadian Select. That’s understandable because heavy oil accounts for about half of Canada’s crude production, and […]

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27 November

Cheap Alberta oil is giving economists second thoughts about the next Bank of Canada rate increase. Considered a sure thing only a couple of weeks ago, doubts are beginning to […]

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27 November

Smoke rises from railway cars that were carrying crude oil after derailing in downtown Lac-Mégantic, Que., Saturday, July 6, 2013. The Alberta oil industry is in deep trouble because of […]

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27 November

Bank of Nova Scotia, the biggest Canadian lender to oil and gas companies, has been reducing risk in its portfolio and doesn’t expect a major fall out from slumping prices. […]

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27 November

All three major indexes in the United States enjoyed a big bounce back on Monday, November 26. Unfortunately, the energy-heavy TSX only gained 1 point on the same day. Collapsing […]

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27 November

An oil well pumps against the setting sun. For more than a decade, the Saskatchewan government’s mid-year budget update demonstrated how we were winning with oil. Former NDP governments would […]

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