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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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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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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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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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 […]
Read MoreCheap 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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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 […]
Read MoreBank 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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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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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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