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Energy and Resources News

Silver Wheaton jumping on the buyback bandwagon
Silver Wheaton is getting to repurchase some of its own shares for the first time, jumping on the buyback bandwagon. BNN takes a detailed look at the pros and cons investor buybacks.
Posted on 9-15-2015 at 10:40 AM
Penn West to sell Mitsue assets for $192.5M
Canadian oil producer Penn West Petroleum Ltd said it would sell its assets in Mitsue in Central Alberta for $192.5-million in cash to reduce debt.
Posted on 9-15-2015 at 10:08 AM
Harvest cuts more Canadian oil jobs
The company confirmed Monday to BNN that roughly 40 mostly Calgary-based positions were being eliminated. The cuts represent more than 13 percent of Harvest's Canadian workforce and would follow another headcount reduction announced earlier this year.
Posted on 9-14-2015 at 8:22 PM
Moody’s slashes Teck Resources to junk status
Teck Resources Ltd., Canada’s largest diversified miner, had its credit rating downgraded to junk by Moody’s Investors Service.
Posted on 9-14-2015 at 4:04 PM
OPEC trims 2016 estimates for rival supplies as U.S. oil suffers
OPEC trimmed estimates for supplies from outside the group in 2016 as the slump in prices takes its toll on the U.S. shale-oil industry.
Posted on 9-14-2015 at 11:43 AM
Oil bulls increase bets as they see glut disappearing
Hedge funds added the most bullish oil bets since April on optimism that the global oversupply will disappear as producers slow output.
Posted on 9-14-2015 at 9:25 AM
What oil at $20 a barrel would mean for Canada's energy sector
In the global game of chicken that has brought the oil and gas industry to its knees, Goldman Sachs warns neither side may blink soon enough.
Posted on 9-11-2015 at 2:46 PM
Global oil prices will stay near $60 into 2017: Bank of America Merrill Lynch
Bank of America Merrill Lynch isn't going along with Goldman Sachs' $20 call on oil.
Posted on 9-11-2015 at 4:12 PM

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