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Energy & Resources News

Husky Energy expects spending to drop by a third in 2015
Husky Energy expects spending to drop by a thirdbecoming the latest Canadian producer to scale back spending as oil prices fall.
Posted on 12-17-2014 at 9:49 AM
Penn West Petroleum slashes dividend, cuts 2015 budget
Penn West slashed its dividend to 3 cents per share from 14 cents, and cut its 2015 capital budget by a quarter due to the continued slide in oil prices.
Posted on 12-17-2014 at 9:45 AM
Harper says falling oil price reduces Canada budget flexibility
The government cut its cumulative surplus projections for the coming years by almost half.
Posted on 12-16-2014 at 1:50 PM
Pension funds eye energy companies hurt by oil
Beaten down energy stocks are beginning to pique the interest of deep-pocketed investors with a long-term view -- Canadian pension funds.
Posted on 12-16-2014 at 10:09 AM
Encana to raise 2015 spending, bucks industry trend
Encana said it would boost capital spending in 2015 to focus on its more-profitable shale oil fields, bucking an industry-wide move to cut spending as oil prices tumble.
Posted on 12-16-2014 at 8:39 AM
Talisman Energy acquired by Repsol in $13B deal
Talisman has agreed to be acquired by Repsol in a $13-billion deal that allows Repsol to expand at a time of weak energy markets.
Posted on 12-16-2014 at 6:52 AM
Brent drops below $59 for first time since 2009 on oversupply
Oil fell to just above $59 a barrel for the first time since May 2009 today, extending a six-month selloff as weakening emerging-market currencies added to concerns about demand.
Posted on 12-16-2014 at 6:45 AM
Oil extends losses after early rally
Crude oil dropped to the lowest level in more than five years after the United Arab Emirates said OPEC won't rein in production in response to the slump.
Posted on 12-15-2014 at 3:48 PM

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