11 November

A pumpjack works at a well head on an oil and gas installation near Cremona, Alta., Saturday, Oct. 29, 2016. Imagine producing a bumper crop of a product in high demand around the globe, only to learn you must settle for a discounted price because there’s no easy way to get your product to market. […]

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11 November

Imagine producing a bumper crop of a product in high demand around the globe, only to learn you must settle for a discounted price because there’s no easy way to get your product to market. Canadian grain farmers experienced that situation in 2013 and again last winter when their harvest outstripped the transport capacity of […]

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11 November

CALGARY, Alberta (Reuters) – Canada’s biggest railroad says it is attracting interest from oil producers in its effort to move crude in solid, puck-like form, as clogged pipelines divert more oil to riskier rail transport. A CanaPux crude oil solid pellet is shown in this Canadian National Railway Company (CN) image released from Montreal, Quebec, […]

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10 November

Canadian crude oil is selling below U.S. West Texas Intermediate crude oil by a record $52.50 per barrel based on records that go back to early 2007. The huge discount is mainly due to a lack of pipeline capacity to move the oil to markets. But, also contributing are growing production from Canada’s oil sands […]

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10 November

Contango Oil & Gas logo SunTrust Banks restated their hold rating on shares of Contango Oil & Gas (NYSEAMERICAN:MCF) in a research report released on Wednesday. SunTrust Banks currently has a $5.00 price target on the oil and natural gas company’s stock. SunTrust Banks also issued estimates for Contango Oil & Gas’ Q3 2018 earnings […]

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10 November

Contango Oil & Gas (NYSEAMERICAN:MCF) has received a consensus recommendation of “Hold” from the six ratings firms that are currently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. The average 12 month […]

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10 November

Oil prices fell to multi-month lows at the end of the week, as a confluence of factors all point in a bearish direction. (Click to enlarge) (Click to enlarge) (Click to enlarge) (Click to enlarge) (Click to enlarge) (Click to enlarge) (Click to enlarge) The most vital industry information will soon be right at your […]

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10 November

TORC Oil and Gas logo TORC Oil and Gas Ltd (TSE:TOG) announced a monthly dividend on Tuesday, October 30th, TickerTech reports. Investors of record on Thursday, November 15th will be given a dividend of 0.022 per share on Thursday, November 15th. This represents a $0.26 annualized dividend and a yield of 5.17%. The ex-dividend date […]

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09 November

The latest legal setback for Calgary-based TransCanada’s $10-billion Keystone XL pipeline through the United States is yet another reminder that Canada needs to export its oil and natural gas to new global markets, says an industry association. A U.S. District Court judge in Montana put the project on hold in a ruling issued late Thursday, […]

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09 November

EDMONTON – Alberta’s energy minister says a U.S. court decision ordering a halt to the Keystone XL pipeline project is frustrating. Marg McCuaig-Boyd says the province will look to see what it can do to get the project restarted and also to find other ways to get more oil to market. A federal court judge […]

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