Futures for stocks in Canada’s largest centre fell more than 1% on Thursday, weighed by lower oil prices as surging coronavirus cases globally dented hopes of a rebound in fuel demand just as major oil producers are set to raise output. The S&P/TSX Composite Index leaped 173.34 points, or 1.1%, to conclude the session on […]
Read MoreCALGARY — An environmental law group wants a court to suspend the Alberta government’s inquiry into oil and gas industry critics until there’s a decision on whether it’s legal. The United Conservative government contends foreign interests are bankrolling environmental opposition to Canadian fossil-fuel projects. In June 2019, It appointed forensic accountant Steve Allan to head […]
Read MoreEnbridge (NYSE: ENB) Raymond James analyst Chris Cox maintained a Buy rating on Enbridge ( ENB ) today and set a price target of C$55.00. The company’s shares closed last Thursday at $32.20. According to TipRanks.com , Cox is a 1-star analyst with an average return of -3.5% and a 46.2% success rate. Cox covers […]
Read More(Reuters) – Canada’s main stock index fell on Thursday, as energy stocks were weighed by lower oil prices and a slate of dismal earnings from those including Husky Energy Inc and TC Energy Corp. * The energy sector dropped 2.6% as U.S. crude prices were down 2.4% a barrel and Brent crude lost 1.9%. [O/R] […]
Read MoreCALGARY — The CEO of TC Energy Corp. says the company will begin moving more oil from Western Canada into the United States by next year under a new U.S. presidential permit for the existing Keystone pipeline system. The permit quietly issued on Wednesday by the Trump administration allows capacity on Keystone to increase by […]
Read MoreMiles of unused pipe, prepared for the proposed Keystone XL pipeline, sit in a lot on October 14, 2014 outside Gascoyne, North Dakota. , Photo by Andrew Burton/Getty Images The Trump administration will allow the existing Keystone pipeline to carry more oil-sands crude into the Midwest and U.S. Gulf Coast while the conduit’s decade-old expansion […]
Read MoreMan with no money. Businessman holding empty wallet The Canada Revenue Agency (CRA) extended the CERB (Canada Emergency Response Benefit) by another eight weeks earlier this month. The CERB will now be available until September to help Canadians who lost their jobs due to COVID-19. This means you can get a maximum of $12,000 over […]
Read MoreThe diversified systems of two of North America’s largest midstream companies were positioned for a solid second quarter in which lower oil volumes were partially offset by strength in natural gas, natural gas liquids (NGL) and storage. Enterprise Products Partners LP (EPD) and Enbridge Inc. reported second quarter results on Wednesday, with each company highlighting […]
Read MoreThis news release contains references to the non-GAAP financial measures “funds from operations”, “free cash flow”, “net debt”, “operating margin”, “sustaining capital”, “net debt to trailing funds from operations” and “refining and marketing margin”. Please refer to “Non-GAAP Measures” at the end of this news release. CALGARY, Alberta – Husky Energy recorded funds from operations […]
Read MoreCALGARY, AB – OBSIDIAN ENERGY LTD. ( TSX: OBE) (OTCQB: OBEL ) (“ Obsidian Energy “, the “ Company “, “ we “, “ us ” or “ our “) is pleased to announce our second quarter 2020 financial and operational results. All figures are in Canadian dollars unless otherwise stated. Obsidian Energy’s unaudited interim […]
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