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Energy and Resources News

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
Husky Energy selling 65% interest in assets for $1.7B
Husky Energy says it is selling 65 percent ownership interest in certain midstream assets in the Lloydminster region of Alberta and Saskatchewan for $1.7 billion in cash.
Posted on 4-25-2016 at 7:09 PM
Moody’s downgrades Alberta’s credit rating, citing deficit and rising debt
Another major credit rating agency has downgraded Alberta’s debt, citing the $10.4-billion deficit, rising debt and the NDP government’s long road back to a balanced budget.
Posted on 4-25-2016 at 4:30 PM
NEB approves Enbridge's $4.9B Line 3 replacement program
The NEB announced Monday that it has approved Enbridge’s $4.9-billion Line 3 replacement pipeline into the United States. The decision is subject to 89 conditions.
Posted on 4-25-2016 at 4:47 PM
Cash from oil’s rally could flow to 'bruised bankers' before the drillers
The light that some leaders in Canada’s oil and gas sector are seeing at the end of its long, dark economic tunnel may still be further away than they think.
Posted on 4-25-2016 at 11:33 AM

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