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Energy & Resources News

Penn West Petroleum cuts 2015 budget for the second time
The company also reported a smaller-than-expected quarterly loss, helped by a 21 percent fall in total expenses.
Posted on 7-30-2015 at 11:19 AM
Oil patch slashes jobs, spending as crude price shock cuts deep
Major oil companies continued to batten down their hatches to ride out the longer-than-anticipated storm in crude markets, with more spending and job cuts in Calgary and around the globe.
Posted on 7-30-2015 at 10:51 AM
Goldcorp slashes payout 60% as profit doubles
Goldcorp Inc. reaped the rewards of its Tahoe Resources share sale, doubling its profit for the second quarter. But the miner slashed its dividend by 60 per cent to give it a financial buffer amid the deep slump in gold prices.
Posted on 7-30-2015 at 9:15 AM
PotashCorp profit misses estimates as nitrogen prices sink
Potash Corp. of Saskatchewan, the world’s largest fertilizer producer, reported quarterly profit that missed analysts’ estimates as prices for nitrogen-based fertilizers fell on increased global supply.
Posted on 7-30-2015 at 9:05 AM
Cenovus chops payout by 40%, looks to cut jobs
Cenovus Energy Inc. says it’s looking to cut between 300 to 400 jobs in the second half of this year, and is chopping its quarterly dividend by 40 per cent.
Posted on 7-30-2015 at 8:33 AM
Shell to shed 6500 jobs, slices billions in spending as ‘prolonged downturn’ looms
Royal Dutch Shell Plc said it’s preparing for a “prolonged downturn” by cutting thousands of jobs and slashing billions of dollars in investments over the next two years. The shares gained the most in almost six months.
Posted on 7-30-2015 at 7:47 AM
Suncor Energy cuts spending again on weak oil, boosts payout
The oil sands giant says it's reviving plans to buy back as much as $500 million worth of its own stock amid depressed energy markets.
Posted on 7-30-2015 at 12:44 AM
Canadian dairy farmers head to Maui in last ditch effort against TPP
For Canadian dairy farmers such as Jayne MacDonald of Newtown Cross, PEI, the far-reaching Pacific Rim trade talks entering the final stretch in Hawaii this week are a giant question mark hanging over their future.
Posted on 7-28-2015 at 11:51 AM

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