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Energy & Resources News

Oil speculators bet wrong as rebound fizzles

Hedge funds rushed back into oil too quickly, boosting bullish bets amid a rebound last week, only to then watch surging U.S. crude supplies push prices right back down to a two-year low.

Posted on 10-26-2014 at 11:31 PM

Nickel posts longest losing streak since 2001 on record supplies

Nickel capped the longest slump in 13 years as inventories climbed to an all-time high, signaling ample supplies as the economy slows in China, the world’s top metals consumer.

Posted on 10-25-2014 at 5:51 PM

Pacific NorthWest president resigns after leading early-stage LNG project

Greg Kist has resigned as president of Pacific NorthWest LNG, a change at the top during a crucial time for the liquefied natural gas project led by Malaysia’s state-owned Petronas.

Posted on 10-24-2014 at 2:16 PM

Feds introduce legislation on payments from resource firms to governments

The federal government has introduced legislation requiring energy and mining companies to report all revenue paid to foreign and domestic governments, but is delaying its impact on...

Posted on 10-24-2014 at 2:09 PM
Agrium rises after activist ValueAct Capital amasses 5.7% stake

Agrium rises after activist ValueAct Capital amasses 5.7% stake

Agrium Inc., the farm retailer that last year fended off an activist shareholder, rose the most in more than five years after it said hedge fund ValueAct Capital Management LLC amassed a...

Posted on 10-24-2014 at 2:54 PM

Energy Watch: Penn West CEO keeps his promise with asset sales

He never said it out loud, but the CEO of Penn West Petroleum had made an implicit promise to the market that he would complete at least three major asset sales by the end 2014.

Posted on 10-23-2014 at 12:29 PM

Potash Corp. profit slips on lower earnings from overseas investments

Potash Corp of Saskatchewan Inc’s net income fell 11 percent, hurt by lower contributions from overseas investments and higher income tax.

Posted on 10-23-2014 at 6:55 AM

Cenovus Energy profit falls 4% on refinery outage

Cenovus Energy Inc, Canada’s No.2 independent oil producer, said its quarterly profit fell 4 per cent, hurt by an unplanned outage at a refinery.

Posted on 10-23-2014 at 6:43 AM

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