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Energy and Resources News

Investor confidence hurt by oil producers' weak response to falling prices: Goldman
Investor confidence deteriorated this week because shareholders felt producers were not being responsive to West Texas Intermediate (WTI) at $35 per barrel and were focusing on their agility rather than potential production cuts, Goldman Sachs analysts said.
Posted on 1-08-2016 at 3:06 PM
Two trade unions join chorus against Canadian Pacific's Norfolk Southern bid
Two trade unions representing workers at No. 4 U.S. railroad Norfolk Southern Corp have joined a growing chorus of opposition to an unsolicited bid from Canadian Pacific Railway Ltd.
Posted on 1-08-2016 at 2:08 PM
Suncor extends deadline for $4.3 billion Canadian Oil Sands bid
Suncor Energy Inc. has extended its $4.3-billion takeover offer for Canadian Oil Sands Ltd. until Jan. 27 after it failed to initially garner enough support from the target’s shareholders.
Posted on 1-08-2016 at 8:59 PM
World’s biggest oil producer considering going public
State oil giant Saudi Aramco confirmed on Friday that it has been studying various options to list in capital markets.
Posted on 1-08-2016 at 8:05 AM
Hefty maintenance schedule looms for Canada oil sands producers
Canada’s biggest oil sands producers, which have stubbornly resisted halting output even as the price of their crude hits record lows, are planning a higher-than-normal maintenance schedule this year.
Posted on 1-06-2016 at 3:34 PM
TransCanada files suit against U.S. government on Keystone XL denial
TransCanada is suing the U.S. government in U.S. federal court, alleging President Barack Obama's rejection of the Keystone XL pipeline exceeded his power under the U.S. Constitution.
Posted on 1-06-2016 at 5:13 PM
Oil hits 11-year low, Saudi-Iran row cuts chances of output restraint
Oil prices hit their lowest in over 11 years on Wednesday, as the row between Saudi Arabia and Iran was seen making any cooperation between major exporters to cut output even more unlikely.
Posted on 1-06-2016 at 9:15 AM
FIRST ON BNN: Canadian Oil Sands releases video to its shareholders
With time winding down on Suncor’s hostile takeover offer, Canadian Oil Sands is pulling out all the stops to keep its shareholders on side – including releasing this video outlining the case for independence.
Posted on 1-06-2016 at 7:42 AM

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