21 March

Chuckwagon driver Kurt Bensmiller waves as he’s the first to be auctioned off during the Calgary Stampede chuckwagon canvas auction in Calgary, Alta., Thursday, March 22, 2018. Chuckwagon drivers and sponsors are hoping for the best as clouds of political and energy industry uncertainty gather ahead of the Calgary Stampede canvas auction tonight. CALGARY — […]

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21 March

Summary Cardinal Energy released Q4 results. Due to the exposure to depressed WCS prices, the company generated total negative netbacks. With the assumptions listed in the 2019 capital program, the dividend won’t increase. The market offers an important discount to my estimation of fair value. Cardinal Energy ( OTC:CRLFF ) released its Q4 results . […]

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20 March

Photo By Government of Saskatchewan Regina – The Saskatchewan budget isn’t betting on an improvement in oil prices for this year. In its key assumptions, the March 20 budget projects the benchmark West Texas Intermediate (WTI) oil price at US$59.75 per barrel, with total oil and natural gas royalties at $691.1 million. Potash is pegged […]

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20 March

Saudi energy minister Khalid Al-Falih said he sees oversupply of oil lasting to the end of the year and may be willing to extend production cuts until yearend. (Kamran Jebreili/Associated Press) Oil prices and Toronto stocks moved higher Monday after OPEC scrapped its planned meeting in April and said it will decide whether to extend […]

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20 March

Gran Tierra Energy logo Shares of Gran Tierra Energy Inc (NYSEAMERICAN:GTE) traded up 5% during mid-day trading on Wednesday . The stock traded as high as $2.52 and last traded at $2.52. 3,318,797 shares were traded during trading, an increase of 128% from the average session volume of 1,456,076 shares. The stock had previously closed […]

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20 March

Canada’s battered oil industry is rooting for the opposition in next month’s election in energy heartland Alberta, investors said on Wednesday, but a brewing scandal involving the party’s leader could derail its hopes of an easy victory. Alberta contains Canada’s vast oil sands, home to the world’s third largest crude reserves. With an economy nearly […]

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20 March

Harris Associates L P boosted its position in Cenovus Energy Inc (NYSE:CVE) (TSE:CVE) by 10.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 73,886,985 shares of the oil and gas company’s stock after acquiring an additional 6,694,276 shares during the quarter. Harris Associates L […]

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20 March

Shares of Imperial Oil Ltd (TSE:IMO) (NYSEMKT:IMO) have earned an average recommendation of “Hold” from the fifteen brokerages that are currently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and one has issued a buy recommendation on the company. […]

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20 March

VANCOUVER – A lawyer for the federal government says British Columbia is overreaching with an unconstitutional effort to regulate oil and gas shipments through its lands and waters. The B.C. Court of Appeal is hearing a reference case that asks if the provincial government can create a permitting regime for companies that transport hazardous substances […]

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20 March

Harris Associates L P grew its stake in shares of Cenovus Energy Inc (NYSE:CVE) (TSE:CVE) by 10.0% in the fourth quarter, Holdings Channel reports. The fund owned 73,886,985 shares of the oil and gas company’s stock after buying an additional 6,694,276 shares during the quarter. Harris Associates L P owned about 0.06% of Cenovus Energy […]

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