A Vancouver native, Charlotte recently graduated from Simon Fraser University, where she majored in English and Humanities. During her time there, SFU’s Writing and Communications program caught her attention, and she began working towards a Certificate in Editing. After completing an editorial internship at Vancouver’s Western Living magazine in the fall of 2010, she knew that she wanted to pursue editing further.
Charlotte is excited to have joined the Investing News Network as an editorial assistant, and looks forward to gaining more knowledge about the commodities sector. She plans to complete her certificate in the spring of 2013.
Twoco Petroleums Ltd. (TSXV:TWO) announced that it plans to sell 70 percent of its working interests in its Alberta-based Sparky heavy oil property to an oil and gas investment fund located in Seoul, Korea for C$28 million as per an arm’s length definitive agreement.
NuVista Energy Ltd. (TSX:NVA) announced that it plans to sell three of its natural gas and heavy oil properties for C$236 million in order to repay its debt.
Palliser Oil & Gas Corp. (TSXV:PXL) announced that during the first quarter of 2012 it expanded its undeveloped heavy oil land position to 19,618 net acres, an eight percent increase from the previous quarter.
Imperial Petroleum Inc. (OTCQX:IPMN) announced that it is now able to move forward with its Kentucky joint venture project, an oil recovery system that the company President has described as revolutionary.
Baytex Energy Corp. (TSX:BTE,NYSE:BTE) announced that its operating and financial results for the first quarter of 2012 include an increase in heavy oil production.
Reuters reported that refinery incidents in the US and Canada have contributed to a drop in Canadian heavy oil prices by heightening the effects of an already oversupplied market.
Reuters reported that unscheduled maintenance on a processing unit at Imperial Oil Ltd.’s (TSX:IMO) Sarnia, Ontario refinery is pressuring Canadian heavy oil prices.
