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Energy and Resources News

Goldcorp beats market forecasts, swings back to profit
Canadian gold producer Goldcorp Inc on Wednesday reported better-than-expected earnings, returning to a profit in the first-quarter on the back of higher production and lower costs.
Posted on 4-28-2016 at 9:31 AM
Suncor buying another stake in Syncrude project
Suncor Energy Inc. said it is buying another stake in the Syncrude Canada Ltd. project, deepening its exposure for the second time in as many months to one of the industry’s most unreliable operations.
Posted on 4-28-2016 at 7:42 AM
Potash Corp. cuts 2016 profit forecast on weak demand, prices
Potash Corp of Saskatchewan , the world’s biggest fertilizer company by capacity, cut its full-year profit forecast due to weak demand and lower prices.
Posted on 4-28-2016 at 7:22 AM
Oil retreats from 2016 highs as U.S. crude stocks build
Oil prices retreated from 2016 highs on Wednesday after the U.S. government reported U.S. crude stockpiles rose to a record high last week as expected by analysts, despite an industry group saying otherwise.
Posted on 4-27-2016 at 11:59 AM
Cenovus cuts 2016 budget, loss narrows on forex gains
Cenovus Energy Inc. reported a first-quarter loss of $118 million as it said its cost-cutting plan was on track.
Posted on 4-27-2016 at 7:22 AM
BP eyes more spending cuts after 80% profit drop
BP said on Tuesday it could cut capital spending further after reporting an 80 per cent drop in profit in the first quarter of the year, when oil prices touched a near 13-year low.
Posted on 4-26-2016 at 8:25 AM
Barrick Gold falls into red as asset sales, prices weigh
Barrick Gold Corp, reported a quarterly loss, compared with a year-earlier profit, as asset sales weighed on production and realized prices fell.
Posted on 4-26-2016 at 7:59 AM
Teck Resources strikes optimistic tone amid 'change in direction'
If you look carefully enough, you can see glimmers of hope in the resource sector. Fresh off reporting an unexpected adjusted profit, Teck's CEO said he’s “encouraged” by what’s happening with zinc and steelmaking coal prices.
Posted on 4-26-2016 at 7:16 AM

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