01 April

A government aid package for struggling Canadian energy firms has run into weeks of delays, in part because officials are still trying to obtain up-to-date data, according to three sources familiar with the matter. The oil and gas sector in the western province of Alberta, home to the world’s third-largest crude reserves, has been hard […]

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01 April

Alberta oil well in canola field Canadian heavy crude’s discount widened versus U.S. benchmark West Texas Intermediate (WTI) oil on Wednesday, the first day of the monthly trading cycle. Western Canada Select (WCS) heavy blend crude for May delivery in Hardisty, Alberta, traded at $16.65 per barrel below WTI, according to NE2 Canada Inc, wider […]

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01 April

CALGARY – Canadian billionaire energy mogul and Calgary Flames owner Murray Edwards is on the move again, relocating this time from rainy London to the posh Swiss ski resort town of St. Moritz. Canadian billionaire energy mogul and Calgary Flames owner Murray Edwards. Edwards is the executive chairman and a founder of Canadian Natural Resources […]

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01 April

CALGARY, Alberta – Petrus Resources Ltd. (“Petrus” or the “Company”) (TSX: PRQ) announces the termination of its previously announced disposition of its oil and natural gas interests in the Foothills area (the “Disposition”). Petrus has been advised in writing by the purchaser that they are terminating the asset purchase and sale agreement (the “Agreement”) providing […]

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01 April

Each week, XI Technologies scans its unique combination of enhanced industry data to provide trends and insights that have value for professionals doing business in the WCSB. If you’d like to receive our Wednesday Word to the Wise in your inbox, subscribe here . With our industry currently dealing with the dual challenges of physical […]

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31 March

Canadian oil and gas stocks rallied for a second day following Alberta’s decision to invest in the Keystone XL pipeline but analysts and portfolio managers said even slightly positive news can cause dramatic moves in markets. "Oil is up only modestly, but small changes in sentiment have a huge impact on share prices at these […]

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31 March

Stock image GuelphToday received the following letter from reader Donna Jennison, regarding the Federal Government’s oil and gas bailouts: I understand, acknowledgement and appreciate the tremendous challenges our federal government is facing to help us all cope with the COVID-19 pandemic. We are all are very grateful. I am reluctant but compelled to speak out […]

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31 March

The Keystone XL pipeline, which would carry 830,000 barrels of crude per day from Alberta, Canada to the Midwest region of the United States, has been delayed for more than a decade by opposition from landowners, environmental groups and Native American tribes [File: Lucy Nicholson/Reuters] Despite this year’s crash in crude prices, TC Energy Corp […]

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31 March

WASHINGTON – Research firm IHS Markit expects up to 10 MMbpd of world oil production will be cut or shut-in from April to June 2020 as oil storage fills up and output from financially strapped companies begins to fall. If oil cannot be sold or stored, it cannot be produced. Transportation constraints and lack of […]

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31 March

Investor Alert: After making a 40 percent return in the space of three days, our Global Energy Alert subscribers have been advised not to buy more energy stocks this week. Learn how to read the markets today by taking advantage of your risk-free trial. Chart of the Week – The OVX index measures implied volatility […]

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