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Energy & Resources News

Canadian Natural profit falls as crude price declines
Canadian Natural Resources Ltd. said added production from its oil-sands projects during the third quarter couldn’t make up for a decline in prices.
Posted on 11-06-2014 at 7:47 AM
Agrium to cut 500 jobs, sell some businesses
Canadian fertilizer producer Agrium Inc. will cut 500 jobs and look to sell several noncore businesses as it aims to find $475 million in savings by 2017, Chief Executive Chuck Magro said on Wednesday.
Posted on 11-05-2014 at 1:16 PM
Cheaper crude produces economic winners in Ontario and Quebec
Just as $100-a-barrel oil super-charged Canada’s energy-rich regions, suddenly cheaper crude is shifting some economic inertia back to the manufacturing heartland in Ontario and Quebec.
Posted on 11-05-2014 at 10:16 AM
Plunging gold prices have producers selling at loss
The latest decline in the price of gold is saddling higher-cost producers with losses on every ounce mined, and pushing others to the brink of also slipping into the red.
Posted on 11-05-2014 at 8:40 AM
Penn West posts quarterly loss as production falls
Penn West Petroleum Ltd., one of Canada's largest conventional oil producers, reported a third-quarter loss, hurt by a drop in production and weaker oil prices.
Posted on 11-05-2014 at 7:36 AM
TransCanada says Keystone XL pipe costs rise to $8B
TransCanada Corp. said delays in receiving U.S. approval for its Keystone XL project have increased costs by 48 percent to $8 billion US.
Posted on 11-04-2014 at 10:27 AM
Talisman a 'buy' after profit beats estimates: Societe General
John Herrlin, analyst with Societe General, tells BNN he has a ‘buy’ rating on the stock with an $11 price target.
Posted on 11-04-2014 at 10:21 AM
Hedge funds cut bullish oil bets as global glut expands
Hedge funds cut bullish holdings in crude as record U.S. output added to a global supply glut, spurring the longest losing streak in prices in six years.
Posted on 11-03-2014 at 10:46 AM

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