Politics overshadow Canadian energy performance
Pipeline politics overshadowed performance in the Canadian energy industry through the first three months of this year, as prices for the country’s heavy crude oil slumped, pointing to a string of...
View ArticleMEG Energy posts loss as weaker Canadian dollar weighs
Canadian oil sands producer MEG Energy Corp reported a first-quarter loss, compared with a profit a year earlier, after a weaker Canadian dollar and lower prices overshadowed higher production
View ArticleCrude differentials continue to hammer bottom-lines
There is no question differentials were a major issue in the first quarter. It was widely expected, but it was still pretty shocking to see some of the numbers
View ArticleOil sands producer MEG Energy expects strong second half
Canadian oil sands producer MEG Energy Corp forecast a strong second half as it expects production to begin at the next phase of its flagship project in the fourth quarter
View ArticleKeystone XL no longer needed – Canaccord
Canaccord Genuity analyst Phil Skolnick noted that major rail advancements and near-term pipeline capacity additions should allow oil to make its way out of Alberta through the end of 2018 or later,...
View ArticleMEG Energy profits rises on higher output, lower costs
Canadian oil sands producer MEG Energy Corp’s third-quarter profit more than doubled driven by a rise in output, lower operating costs and stronger price realizations
View ArticleMEG Energy plans diluent recovery unit in Western Canada
Candian producer MEG Energy plans to build a $75-million unit to extract diluent from heavy crude oil in Bruderheim, Alberta, enabling the company to ship raw bitumen from the oil sands by rail and...
View ArticleOil-by-rail gathers steam as new capacity comes on line
Canada’s first oil-sands unit train, loaded with MEG Energy Inc. crude, rolled out of Canexus Corp.'s Bruderheim, Alta. terminal just before Christmas, marking a new chapter in the country’s...
View ArticleWeak Canadian dollar provides catalyst for long Canada, short U.S. energy trade
A valuation re-rating of Canadian E&Ps relative to their U.S. counterparts is in order, according to Canaccord Genuity
View ArticleLooking for catalysts in Canada
David Taylor, CIO at Taylor Asset Management, is finally seeing evidence the Canadian equity market is starting to gain some traction again As a result,
View ArticleOwn these Canadian large cap E&Ps in a low oil price environment
With no signs of a rebound for oil prices in sight, TD Securities took a look at which large cap exploration and production companies are best-positioned to withstand a sustained low oil price environment
View ArticleMEG Energy cuts 2014 capital spending by a third
Canadian oil sands producer MEG Energy Corp slashed its 2014 capital spending budget by a third on Thursday, and said it will keep 2015 expenditure at that level to “adapt to current market conditions.”
View ArticleCanadian oil producers brace for long downturn as Husky, MEG Energy, Penn...
Claudia Cattaneo: The investment pullback won’t be easily reversed and puts the brakes on years of Western Canadian oil expansion, as well as the trend toward North American energy independence
View ArticleSuncor Energy Inc, MEG Energy Corp adjust to low oil price world
Oilsands producers Suncor and MEG said Thursday they could make their projects work in a low oil price environment by pushing down costs
View ArticleCanadian oil trains shift to carry less-volatile crude
A growing share of Canadian oil-by-rail traffic is made up of tough-to-ignite undiluted heavy crude and raw bitumen, say industry executives, as companies scramble to cut expenditures with the price of...
View ArticleMEG Energy Corp shares surge as investors position seek out potential...
Investors rushed back into the Canadian oilpatch in hopes of picking up the next merger target, after Suncor announced its unsolicited $4.3B takeover bid for Canadian Oil Sands
View ArticleMEG Energy Corp posts big loss and cuts its capital budget
MEG Energy Corp also said it was still considering selling its 50 per cent share in the Access Pipeline system in Alberta to help repay debt
View ArticleHow the oilpatch is learning to live within its means as it braces for...
With the oil price rout showing no signs of letting up thanks largely to OPEC's decision to keep pumping, pressure is building on Canadian firms to spend within their shrinking cash flow projections
View ArticleStill more deals to be had after CPPIB unit buys Devon's stake in Access...
MEG Energy Corp. is unlikely to get the same value for its stake in the Access Pipeline as the US$1.4 billion Devon Energy Corp. received Thursday
View ArticleMEG Energy reports bigger-than-expected loss as crude slumps
MEG Energy Corp, a major player in the Canadian oil sands, reported a bigger-than-expected quarterly loss on Thursday as a rise in production and record low operating costs failed to make up for a...
View ArticleSuncor CEO confident Tillerson will shield oilpatch from border adjustment tax
Former Exxon chief Rex Tillerson, who is now U.S. Secretary of State, understands American refineries need Canadian oilsands, says Steve Williams
View ArticleCenovus Energy Inc upgraded, MEG Energy Corp downgraded
Cenovus Energy upgraded to buy, while MEG Energy was downgraded to hold
View ArticleTaking on OPEC: How MEG Energy's proprietary technology is helping transform...
The company anticipates 40% production growth, to 113,000 barrels a day, by 2020, and to eventually reach volumes of 210,000 b/d from its Christina Lake property alone
View ArticleCenovus's earnings rebound after massive acquisition impresses investors —...
After falling around 42% since the acquisition announcement in March, Cenovus shares climbed 11% Thursday, but analysts cautioned that the key metric to look for is the sale of assets
View ArticleAbandoned by investors, these 10 most-battered Canadian oil stocks look ripe...
OPEC’s efforts to prop up prices has done little for Canadian energy stocks. But while they might be down, not all of them are out
View ArticleThreat of payout hangs over MEG Energy, as another oilpatch patent battle...
There’s one drawback to the tech breakthroughs that are making oil extraction easier
View ArticleHusky takes $6.4-billion hostile offer directly to rival MEG Energy's...
Analysts say the deal is a sign of more transactions to come
View ArticleHusky's $6.4-billion takeover offer for MEG Energy could trigger bidding war:...
Husky thinks CNOOC, MEG's largest stakeholder, will likely find its offer compelling
View ArticleNo white knight emerging for MEG Energy as Husky closes in
One analyst expects executives at Husky and MEG would negotiate a friendly deal, implying that there could still be upside to Husky’s initial offer
View ArticlePosthaste March 8: It’s Jobs Day — and it's full of surprises
Blockbuster in Canada, bust in U.S., the head of a big Canadian bank vents on pipeline delays and Norway begins to bail on fossil fuels
View ArticlePosthaste March 11: Boeing under pressure, Barrick-Newmont joint venture, and...
After bickering for weeks, Barrick Gold Corp. and Newmont Mining Corp. announce a joint venture in Nevada
View ArticlePosthaste March 12: Australia grounds Boeing 737 Max 8 planes as pressure...
There is a Brexit vote this evening, and why TransCanada may lose $900 million
View ArticleHeavy oil price rebound helps boost MEG Energy revenue, but steeper discounts...
New report suggests Alberta may have been overzealous in demanding producers to scale back production
View ArticleEnbridge urges regulator to avoid intervening in pipeline plan
'The board has never before intervened in an open-season process, even when an abuse of market power has been alleged': Enbridge
View ArticleCanada's biggest oilsands firms pledge 97% cut in emissions — with government...
There's a huge potential risk in being a first mover
View Article'Canada will get left behind': U.S. incentives for carbon capture could lure...
Biden's new climate package outstrips what's on offer from Ottawa in terms of tax credits and price assurances
View ArticleMEG Energy CEO says carbon-capture project moving ahead as fast as possible
Despite the challenges of a widening oil price discount
View ArticleInsiders buying Canadian energy stocks as oil prices fall
As Canadian oil prices are falling, company insiders are buying more domestic energy stocks than they have in more than a year
View ArticleMEG Energy slashes 2015 spending plan by 75% amid oil price volatility
MEG Energy said Wednesday it is slashing about $900 million from its 2015 capital spending plan
View ArticleHusky Energy Inc swings to loss, cuts 2015 spending again to help ride out...
Husky is planning an additional $400 million to $600 million in operating cost savings, in large part through procurement and contract savings throughout its operations
View ArticleIt's not just low oil prices: Higher corporate taxes take bite out of Husky,...
Husky Energy reported a one-time charge of $157 million as a result of the province’s new tax rates and MEG Energy increased its deferred income tax liability by $11.4 million
View ArticleMEG Energy looking to offload 15 floors of commercial real estate
More and more office space in Calgary is sitting empty as oil and gas companies lay off staff to survive the ongoing oil price collapse
View ArticleMEG Energy adapts the Open Text model to raise equity and get better terms on...
Calgary-based MEG Energy initially planned to raise $357 million via a bought deal with investors being offered 46 million subscription receipts at $7.75 per receipt
View ArticleVacant skyscrapers are an 'albatross' that Canada's oil capital can't shake...
Downtown Calgary has as much empty office space as Vancouver has in total with the oil capital left wondering how to resolve a 30% vacancy rate
View ArticleMEG Energy CEO says oilsands new chapter is exciting, but Canada has to want...
In a rare interview, Bill McCaffrey, MEG's nose to the grindstone CEO, says Alberta's oil industry has made many changes and deserves recognition for moving the sector forward
View ArticleHusky launches $6.4-billion deal in bid for prime takeover MEG Energy Corp.
At $11 per share, the price is 37 per cent higher than MEG’s most recent closing price of $8.03 per share, valuing the company’s stock at $3.3 billion
View ArticleWhy Husky's inability to clinch the MEG deal is a negative for its stock
Husky blames Alberta oil cuts, lack of pipelines for its failed MEG bid
View ArticleMEG Energy clashes with Enbridge over sweeping changes to Mainline pipeline
Some oilpatch executives aren’t convinced the system needs to change from the spot market
View ArticleOil companies face questions about carbon capture investment amid blockbuster...
'We're really talking about a massive change in how energy is produced and delivered as we decarbonize the upstream'
View ArticleHere are today's top 3 performers on the TSX
On a day of red, only 22 stocks closed up versus 204 decliners
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