26 November

CALGARY, AB / ACCESSWIRE / November 26, 2018 / Point Loma Resources Ltd. (TSX-V: PLX) (the “ Corporation” or “ Point Loma” ) is pleased to announce the spudding of the Corporation’s recently captured Rex oil opportunity. Additional highlights from recently released third quarter results are also noted below and full results are available on […]

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26 November

Alberta Premier Rachel Notley EDMONTON – Alberta Premier Rachel Notley says she’s disappointed with Ottawa’s lukewarm response to the province’s plan to ease oil bottlenecks by buying more rail cars. She says it’s simplistic to dismiss buying rail cars by saying they probably wouldn’t arrive until a pipeline expansion were already under construction. Alberta oil […]

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26 November

CALGARY – Canadian oil and gas companies finding little love in the stock market are repurchasing their neglected shares, driving a rise in share buybacks that’s already reached a record high this year. Using scarce dollars to buy your own stock instead of investing to grow the business may seem wasteful to some, but observers […]

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25 November

Montney development. Image: Encana My belief in the importance of Canadian-headquartered companies goes back to the early 1970s when, as a young engineer, I joined the Canadian subsidiary of a Nebraska-based oil and gas company. While I was treated well and given substantial responsibility, I yearned to work for a company where the decisions were […]

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25 November

Trans Mountain construction. Image: Kinder Morgan LAKE LOUISE, Alta. — A business crowd of about 400 leapt to their feet in a standing ovation Friday at the suggestion that it should be illegal for Canadian governments to collect carbon taxes until there are new export pipelines delivering Alberta crude oil to world markets. “ Until […]

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25 November

Image: CP Rail EDMONTON — Alberta Premier Rachel Notley says she’s disappointed with Ottawa’s lukewarm response to the province’s plan to ease oil bottlenecks by buying more rail cars. She says it’s simplistic to dismiss buying rail cars by saying they probably wouldn’t arrive until a pipeline expansion were already under construction. Alberta oil is […]

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25 November

Christina Lake SAGD project. Image: Cenovus Cheap Alberta oil is giving economists second thoughts about the next Bank of Canada rate increase. Considered a sure thing only a couple of weeks ago, doubts are beginning to emerge about whether the central bank will hike in January without a rebound in slumping prices for Canadian heavy […]

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25 November

LNG Canada The B.C. economy grew by a surprisingly robust 3.8% (after inflation) last year. This is surprising because not only does it follow a strong 3.2% expansion in 2016, but it also marks another year when the province grew at a pace above its long-run potential. Some observers may be taken slightly aback that […]

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25 November

Reuters A general view of the drilling platform at Johan Sverdrup field near Stord. HOUSTON ( Reuters ) – North American oil producers that have been increasing spending to take advantage of this year’s higher prices will dial back as November’s reversal fuels worries about a 2019 surplus, energy executives say. US light sweet crude […]

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25 November

Midstream was negative 3 of the 4 days this week and finished down around 3.0% overall, beating the S&P 500 slightly, despite another oil rout. Canada’s low beta helped the AMNA outperform the AMZ and AMUS this week. Oil prices were down for a 7th straight week, down 33% from the peak October 3rd, after […]

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