USD/CAD Video 29.09.20. Another Test Of Resistance At 1.3400 USD/CAD is still trading near 1.3400 despite U.S. dollar’s weakness against a broad basket of currencies as WTI oil is under material pressure . The U.S. Dollar Index has managed to get below 94.00 and is testing the nearest support level at the 50 EMA at […]
Read MoreThe Canadian oil sands is one sector I‘ve generally avoided in recent years, for a variety of reasons. Headwinds related to ESG-oriented investing mandates, which have led to massive capital outflows from this sector have resulted in a large-scale reduction in investor interest in energy investments in general. As pipeline capacity continues to be a […]
Read MoreA proposed rail route from Alaska to Alberta Image: Alberta Railway Development Corp. U.S. President Donald Trump’s decision to approve a rail link between Canada and Alaska could open up an export route to Asia for Alberta’s struggling oil sands producers. The presidential permit, announced in a tweet late on Friday, will push forward a […]
Read MoreThe COVID-19 pandemic has been battering the oil and gas industry for a while now, and some players have thrown in the towel. Companies in the oil and gas space have put themselves up for sale, as they hope to survive in a different world. Smaller players are getting acquired by companies with cash who […]
Read MoreFutures for Canada’s main stock index rose on Monday as oil prices gained, with strong economic data from China bolstering hopes of a global economic recovery. The TSX gained 153.09 points to conclude Friday at points to 16,065.35, limiting the downward swing over the last five sessions to 132.43 points, or 0.82%. The Canadian dollar […]
Read MoreThe Great Canadian Oil Change has been serving customers in the Estevan area for 10 years. They will host a fundraiser at the end of this month. Photo submitted A number of fundraisers are scheduled in the community for those looking to support the United Way Estevan’s upcoming telethon. One of the first will be […]
Read MoreA man paints the logo of oil refiner Bharat Petroleum Corp (BPCL) on a wall. Credit: Reuters Photo State-owned Bharat Petroleum Corp Ltd (BPCL) has been forced to pay for its defaulting partner Videocon Industries Ltd after it had relied on a rarely used model to acquire a stake in five oil blocks in Brazil, […]
Read MoreRepresentational image New Delhi: State-owned Bharat Petroleum Corp Ltd (BPCL) has been forced to pay for its defaulting partner Videocon Industries Ltd after it had relied on a rarely used model to acquire stake in five oil blocks in Brazil, sources said. In September 2008, BPCL and Videocon Industries had formed a 50:50 joint venture […]
Read MoreTORONTO — The technology and utilities sectors pushed Canada’s main stock index higher to end another choppy week. "It’s been very sloppy," said Colin Cieszynski, chief market strategist at SIA Wealth Management. TORONTO — The technology and utilities sectors pushed Canada’s main stock index higher to end another choppy week. "It’s been very sloppy," said […]
Read MoreWATCH ABOVE: As we look to diversify our economy beyond oil and gas, companies in Alberta are looking at everything from lithium mining to making carbon fibre out of bitumen, they just require some help from government to get off the ground. U.S. President Donald Trump announced on Friday that he was issuing a presidential […]
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