30 November

Yesterday was an interesting day in that both the NDP and the UCP came out with speaking points as it relates to the current differential crisis in Alberta. Premier Notley announced that Alberta will buy rail cars to move oil, albeit the effect won’t be until a year from now, and Jason Kenney came out […]

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30 November

TORONTO – Alberta needs to buy as many as 7,000 rail cars if it wants to meet its goal of shipping an additional 120,000 barrels of oil a day, says Premier Rachel Notley. In a speech to the Toronto Board of Trade Thursday, Notley said her province is prepared to buy roughly 80 locomotives, with […]

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30 November

Seven Generations Energy Drilling Site Depressed Canadian oil prices are forcing energy companies to use their shares as a currency to fund acquisitions, but investors have been hard to win over to the strategy. Unusually large price discounts for Canadian crude, due to clogged pipelines, and faltering global prices have made growth hard to realize. […]

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30 November

Saskatchewan’s deficit projection is now $348.3 million, down from $365 million in the spring budget. The Saskatchewan government’s plan to return to a balanced budget remains on track, despite some hiccups since the first quarter fiscal update. The new deficit projection is $348.3 million by the end of the fiscal year. That’s a $17 million […]

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29 November

As the geography of oil and gas shifts, the infrastructure that underpins it has been slower to adapt. The result has been unbelievable bargains for valuable commodities, if only one can get the product to market. These include crude oil in western Canada selling for barely above $10 a barrel and natural gas falling below […]

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29 November

FILE PHOTO: The Toronto Stock Exchange sign is seen in Toronto, Ontario, Canada July 6, 2017. REUTERS/Chris Helgren TORONTO (Reuters) – Investors see value in Toronto’s commodity-linked stock market and expect it to rebound in 2019 as the global economy continues to grow and on hopes for the price of Canadian heavy crude to recover, […]

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29 November

Canada is living an energy nightmare. Its major oil producers have been expanding capacity for years under the assumption they are operating in a sophisticated country equipped with the regulatory framework and political maturity required to build a major export pipeline of great national interest in under, say, two decades. But that assumption has proven […]

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29 November

The chief executive of Athabasca Oil Corp. is joining the chorus of Canadian energy leaders that want the Alberta government to step in and mandate production cuts, but says there shouldn’t be a fight between producers over the necessary action. Rob Broen, president and CEO of the oil sands producer, told BNN Bloomberg that while […]

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29 November

Oil Prices On Pace For Worst Monthly Performance In A Decade Sector Commentary Energy stocks are set to open mixed amid lower equity futures following yesterday’s surge in stocks, while oil prices have recovered overnight losses that sent prices on prompt-month WTI below $50 for the first time since last October. Oil prices are on […]

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29 November

After trading at multiyear highs almost two-months ago, oil has collapsed once again to see West Texas Intermediate (WTI) hovering at around US$50 a barrel, prompting considerable speculation that crude has entered a new bear market and could fall even further. That has triggered a sharp sell-off of energy stocks that sees Baytex Energy Corp. […]

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