21 October

Canada’s Suncor Energy is considering selling part of its assets in the North Sea amid a wave of consolidation in the mature offshore basin, Bloomberg reported on Wednesday, quoting sources with knowledge of the plans. Suncor hasn’t formally launched a sales process but has approached potential buyers who have expressed interest in the fields in […]

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21 October

With energy demand having cratered this year because of the COVID-19 outbreak, oil and gas companies are producing lower volume, which is affecting the flow of hydrocarbons through energy midstream networks — such as those operated by Kinder Morgan (NYSE: KMI). On a more positive note, the company’s contract structure has helped cushion much of […]

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21 October

Futures for stocks on Canada’s biggest exchange fell on Wednesday, dragged by weaker oil prices, while investors awaited inflation data due later in the day for clues on the health of the domestic economy. The TSX ended Tuesday 0.81 points south of breakeven to 16,273.26. The Canadian dollar were unchanged early Wednesday at 76.2 cents […]

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21 October

Summary Cabot is now on track to deliver close to $700 million in positive cash flow in 2021. It also temporarily curtailed production (around 15%) to save its reserves for a period of better realized prices. 2021 is probably an outlier for positive cash flow, similar to how 2020 is an outlier in the opposite […]

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21 October

pexels With two weeks remaining until the November 3 election, it may be time to face the real possibility that Biden will be sworn in come this January. We could also see a so-called “blue wave,” whereby the Democrats pick up control of not just the White House but also both chambers of Congress. This […]

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21 October

Canada’s Suncor Energy Inc. is exploring the sale of a handful of oil and gas fields in the North Sea, according to people with knowledge of the matter. Suncor is studying divesting the 30,000-barrel-a-day Golden Eagle Area on the U.K. side of the sea, the people said. Its 26.69 per cent stake could be valued […]

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21 October

2020 Rising Star Brian Van Vliet Shortly after graduation in mechanical engineering from the University of Alberta, Brian Van Vliet had an opportunity to experience something few new graduates are able to do. “As a new grad I worked for six months in Zurich, Switzerland,” he recalls. “I worked on a project to gut and […]

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21 October

– Reuters Climate change is important to the Canada Pension Plan Investment Board, but it’s not ready to divest of its holdings in conventional oil and gas. Although a segment of the Canadian population may want the CPPIB to drop conventional energy, the board’s top spokesman says its investment decisions are not necessarily motivated by […]

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21 October

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 few weeks ago , we presented data on reclamations done […]

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21 October

Summary Canadian Natural Resources has a strong portfolio of assets that it is focused on developing. It has a long reserve life and minimal declines. The company’s assets require minimal capital spending. The company has low operating and dividend breakeven. The company has a strong history of increasing dividends and significant FCF past that. The […]

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