18 February

CALGARY – A judge is giving the Alberta government 10 days to make a decision on an oilsands project that has raised concern from a nearby First Nation. “There is a strong public interest in encouraging a timely cabinet decision. The balance of convenience supports an injunction,” Calgary Court of Queen’s Bench Justice Barbara Romaine […]

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18 February

Image source: The Motley Fool. Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator Good morning, ladies and gentlemen. Thank you for standing by. Welcome to the Westlake Chemical Corporation Fourth Quarter and Full Year 2019 Earnings Conference Call . [Operator Instructions] After the speakers’ remarks, you will be invited to participate in […]

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18 February

Reversal of crude curtailments and improved capex spending are encouraging signs for the country’s principal producers The Canadian oil and gas industry should experience a slight rebound this year. Cash-rich oil sands producers are planning to spend more to boost production, while the Alberta government is now allowing companies to exceed provincially imposed output caps […]

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18 February

GlobalData’s latest report, ‘Scoop-Stack Shale in the US, 2020 – Oil and Gas Shale Market Analysis and Outlook to 2024’ analyses the appraisal and production activities for crude oil and natural gas in the scoop-stack shale play. According to the Oklahoma Corporation Commission, production volumes from the scoop–stack shale play have been relatively flat over […]

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18 February

CALGARY (Bloomberg) – Canadian crude rebounded from a one-year low after inventories fell and Alberta’s premier pledged to defend prices. The spread between Western Canadian Select and the U.S. benchmark has narrowed 15% since Jan. 16, when it hit the biggest discount in more than a year. Genscape Inc. reported that crude inventories in the […]

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18 February

On Feb. 16, 2020, Viking Air Limited of Victoria, B.C., celebrated the 10th anniversary of the inaugural flight of its Series 400 Twin Otter and recognized a significant milestone in the company’s Twin Otter production program. Manufacturer’s serial number 845 was the first Twin Otter aircraft to be built since the original de Havilland Canada […]

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18 February

Calgary, Alberta – February 18, 2020 – Recover Energy Services Inc. (“Recover”) is pleased to announce its Lodgepole Oilfield Waste Management Facility achieved full engineered capacity in late January. This was a significant milestone for Recover and in an effort to introduce operators to its technology and capabilities, Recover will be hosting a number of […]

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18 February

The price of oil is set for a painful correction, as demand from the world’s most populated country and the second-largest economy wanes. Goldman Sachs commodity strategist Damien Courvalin believes a sudden downturn in demand from Chinese consumers, coupled with a lack of clarity on production cuts from major oil-producing nations, could lead to a […]

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18 February

Energy executive William Lacey says he’s optimistic about the future, despite the current malaise. For those who are old enough, there is the famous adage: “Please, God, let there be another oil boom. I promise not to piss it all away next time.” That seems to be a common refrain these days. The pain has […]

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17 February

Summary The maturities in the next three years will be refinanced. Mr. Market cared more about the higher interest rate than the ability to refinance in this market. Management paid nearly C$400 million of long-term debt in the latest fiscal year. The debt ratio for the trailing twelve months is 2.1. That ratio could expand […]

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